Weekly Report - 25 May 2023 (WR-23-21)

NICARAGUA: Ortega poised to lose valuable ally

The recent decision by the governors of the Central American Bank for Economic Integration (Cabei), a multilateral development bank, not to renew the five-year mandate of its executive president, Honduras’s Dante Mossi, could prove a major blow to Nicaragua’s President Daniel Ortega. Under Mossi, Cabei has proven a key source of financial support for the Ortega administration at a time when other international cooperation is drying up, as former partners like the US take action in response to the continued crackdown on dissent and the deterioration of human rights and democracy in the country.

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