POLITICS: Iran & Nicaragua... Swimming Across the Sea... Getting along fabulously, POLITICALLY!!!

In a meeting with his Nicaraguan counterpart Sandinista René Nunez, Iran Majlis Speaker Ali Larijani said, “Political and economic relations between Iran and Nicaragua are expanding.”

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Economy: Venezuela, ALBA, Nicaragua - Past, Present & Future

In Nicaragua, ALBA became an everyday reality for millions of people. Though critics argue it’s impossible to account for the estimated $2.6 billion in ALBA aid that entered Sandinista coffers over the past six years, that money did allow the government to stabilize the country’s desperate energy sector by increasing power production and putting an end to daily blackouts. ALBA also provided electricity subsidies for low-consumption households, transportation subsidies for the working poor, and fellowships for university students. It funded road construction through dust-clouded barrios, provided roofing materials for leaky shanties, monthly cash handouts for thousands of government employees, and other assorted eleemosynary programs for the poor and not-so-poor.

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Economics: Nicaraguans receive rent-to-own program

The housing sector in Nicaragua, as well as in the rest of Latin America and the Caribbean, is dominated by informality. Informal housing units are self-constructed and progressively built, most without proper land titles or access to public utilities. It is estimated that 20,000 homes are built annually in Nicaragua, with only 3,000 produced and financed through the formal market.


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