US lifts restrictions over seized property in Nicaragua

AP News
Posted: Aug 05, 2015 9:48 PM

MANAGUA, Nicaragua (AP) — The United States has lifted restrictions that required the Nicaraguan government to seek an annual waiver to get access to international credit and bilateral assistance.

A statement Wednesday from the U.S. Embassy in Managua said the U.S. had suspended the restrictions that required Nicaragua to resolve a number of property ownership claims by U.S. citizens each year. The contested properties were those seized by the Sandinista government in the 1980s.

Nicaraguan Attorney General Hernan Estrada said he celebrated the decision. The restrictions had been in place since the 1990s.

The embassy statement said between July 2014 and July 2015, 30 property claims were resolved, including the remainder of registered cases that met the restrictions' criteria.