LatinNews Daily - 30 May 2025

*Nicaragua’s co-presidents Daniel Ortega and his wife, Rosario Murillo, have authorised the finance ministry to sign off on two new loans with China worth over US$200m in total. One is worth ¥612.08m(US$85.05m) with Zhengzhou Coal Mining Machinery Group Co Ltd, a China-based company primarily engaged in the business of coal mining machinery and automobile parts, for the supply of products and services related to digital connectivity, to be executed by Nicaragua’s state national electricity transmission company Empresa Nacional de Transmisión Eléctrica (Enatrel). The other, for ¥923.04m, corresponds to an agreement signed with China Iconic Technology Company Limited, to be used for studies and the design of a basic engineering master plan for the expansion and modernisation of port logistics centre ‘Julia Herrera de Pomares’ in Chinandega department, to be executed by the state port company Empresa Portuaria Nacional (EPN). This is the latest sign of burgeoning ties between the two countries which established bilateral relations in December 2021 after the Nicaraguan government severed ties with Taiwan.

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