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Caribbean & Central America - March 2012 (ISSN 1741-4458)
NICARAGUA: Property rights back in the spotlight
The commitment of the recently re-installed government of President Daniel Ortega vis-à-vis property rights is being tested on various fronts: the high profile confiscation of property belonging to a Swiss-Nicaraguan investor to reportedly gift it to Edén Pastora, the controversial former Sandinista leader, has left the private sector and opposition jittery. The latter in particular was quick to invoke the spectre of the Piñata - the massive transfer and titling of confiscated and expropriated property to the Frente Sandinista de Liberación Nacional (FSLN) leadership, which took place at the end of Ortega’s first mandate (1979-1990). These concerns come as the government was recently forced to address another source of tension with regard to property rights, this time involving territorial claims in the impoverished indigenous North Atlantic Autonomous Region (Raan), on the Caribbean Coast.
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