Sent by Nica Net

The exception will be effective for a year until July 29, 2013

July 25, 2012 elnuevodiario.com.ni

The Government of the United States today granted the property waiver to Nicaragua, the US embassy in Managua announced in an official communication this morning.

The waver or exemption, of a year duration, is an exception to that application of a law that prohibits bilateral US aid and support for loans on the part of international financial institutions, to those states where US citizens have not received from the local government adequate and effective compensation for claims of confiscated property, as in the case of Nicaragua, according to the communiqué.

The waiver, effective for a year until July 29, 2013, was based on the national interests of the United States and on the efforts made by the Government of Nicaragua to resolve property claims of US citizens.   To see the text of the US communiqué in Spanish go to the US embassy website:  It has not yet been posted on the State Department website in English.