Cuba also remains on the list of 11 countries
The measure will remain in effect throughout 2025 or until the Ortega regime meets minimum standards for the protection of human trafficking victims.
HAVANA TIMES – US President Joe Biden has ordered the denial of loans that Nicaragua may request from multilateral organizations such as the International Monetary Fund (IMF) in response to the Ortega regime’s inadequate efforts to combat human trafficking.
In a memorandum addressed to Secretary of State Antony Blinken and released by the White House, the Biden instructed executive directors designated in financial institutions, including the IMF, “to vote against and do everything possible to deny any loan or other use of the respective institution’s funds” to Nicaragua and 11 other countries.
Biden had already adopted the same measure in 2021 and 2023, under the “Presidential Determination with Respect to Foreign Governments’ Efforts Regarding Human Trafficking.” This measure will also apply to the governments of Belarus, Burma, Cuba, North Korea, Eritrea, Iran, Macao, China, Russia, South Sudan, a
