When Nicaraguan police pulled over his luxury SUV, businessman Jose Adan Aguerri...
MANAGUA - When Nicaraguan police pulled over his luxury SUV, businessman Jose Adan Aguerri thought it was a routine traffic stop.
“It was a message to the private sector,” said Aguerri, the leader of Nicaragua’s most influential business association, the Council for Private Enterprise .What’s clear is that an unorthodox alliance between Ortega, a former Marxist guerrilla, and the nation’s most powerful capitalists has splintered.
Political strife has battered the economy of this Central American nation of 6.2 million people. And it threatens the relative stability of a country that has largely avoided the mass out-migration plaguing its neighbors. Nevertheless, more than 80,000 Nicaraguans have fled the country since protests began in April 2018, according to the United Nations.
“ is not going to work,” said Healy, who said he was in the SUV with Aguerri during the September attack. He said the alleged intimidation has only hardened his resolve to change Nicaragua’s government. Elected president in 1984, Ortega was voted out of office after a single five-year term as the economy floundered. The business elite, many of whom had fled abroad, watched nervously as Ortega was re-elected in 2006.
Aguerri said COSEP did challenge Ortega’s moves to weaken institutions, and that it chose to engage with his government to help Nicaragua. Between 2010 and 2017, Nicaragua’s economy expanded by about 5% annually, one of the fastest rates in Latin America. Foreign investment poured in.
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