LatinNews Daily - 22 December 2021

* US President Joe Biden has signed a memorandum determining that the US will not provide nonhumanitarian, nontrade-related assistance to, or allow funding for participation in educational and cultural exchange programmes by officials or employees of, the governments of Cuba and Nicaragua for the 2022 fiscal year until such governments comply with the minimum standards of the US Trafficking Victims Protection Act of 2000 or “make significant efforts to bring themselves into compliance with the minimum standards”. The memorandum also instructs the US executive director of each multilateral development bank, as defined in the Act, and of the International Monetary Fund (IMF), to vote against and use best efforts to deny any loan or use of the funds of the respective institution for the governments of Cuba and Nicaragua for the 2022 fiscal year until such governments comply with the Act’s minimum standards or make significant efforts to bring themselves into compliance with the minimum standards. Exceptions are for loans or funds for: humanitarian assistance; trade-related assistance; or for development assistance that directly addresses basic human needs, is not administered by the government of such country, and confers no benefit to that government.

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