Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
Construction of the waterway would take 10 years and cost 40 billion dollars.
President Juan Manuel Santos announcement over the weekend that Colombia will look for a cooperation understanding with NATO (North Atlantic Treaty Organization) on their invitation, has irked the so called Latinamerican group of ‘anti-imperialist countries’, at a moment when relations between neighbouring Colombia and Venezuela have hit a new low.
Presidents, Foreign ministers and representatives from 22 Latinamerican and Caribbean countries stamped their signatures to a declaration stating their commitment in support of Venezuela and its institutions in the international stage.
Colombian President Juan Manuel Santos said he has agreed with his Nicaraguan counterpart, Daniel Ortega, to establish lines of communication to resolve through diplomatic channels the maritime dispute between the two countries.
Colombia has withdrawn from a treaty that binds it to the UN International Court of Justice in anger at a ruling that shifts some of its resource-rich waters to Nicaragua, President Juan Manuel Santos announced on Wednesday.
Nicaragua’s Central Bank President Antenor Rosales quit following a disagreement with President Daniel Ortega over the use of foreign currency reserves to fund a regional bank for the Venezuelan-led bloc of eight nations known as Alba, (Bolivarian Alternative for the Americas).
Nicaraguan President Daniel Ortega lashed out at Israel and condemned the killing of former Libyan dictator Muammar Qaddafi while being sworn into office this week alongside Iran and Venezuela presidents.
The so called ‘progressive’ Latin American governments not only did they not support the revolution wave later known as the “Arab Spring” but openly and repeatedly backed the regimes against which the peoples of those countries rebelled.
Nicaragua President Daniel Ortega, a former Marxist guerrilla leader, was headed for a landslide victory in Sunday's presidential election. Preliminary results showed Ortega, who has cemented his hold on power with social spending for the poor, had 63.7% support based on a count of votes from 18% of polling stations.