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Nicaragua’s President open to discussions on Social Security reform

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Posted: Monday, April 23, 2018. 9:28 am CST.

Posted: Monday, April 23, 2018.8:25 a.m. CST.

By BBN Staff: Nicaragua’s President has said that his government is now willing to review the Social Security reforms, which were approved last Wednesday.

Nicaraguans are protesting a new Social Security law passed by President Daniel Ortega’s government. The law increases employer and employee contributions but decreases the overall pension amount by five percent.

It has spraked the deadliest and most violent wave of protests in President Ortega’s eleven years in office.

Ortega has now offered to dialogue with the business community but they have stood firm in their position that dialogue will begin when police violence is ceased.

Many videos have been circulating on social media showing law enforcement authorities trying to barricade students and protesters in Nicaragua.

Ten Nicaraguans have died in the protests including several students.

Some government buildings have been set on fire and law enforcement authorities have been deployed in many cities in the country. Major cable companies also pulled four national TV stations that covered the protests live from off the air.

Ortega, in an interview on National TV, said that the measures would have gone into effect on July 1, which gives the government and people time to negotiate.

Cosep, Nicaragua’s largest business organization, has issued a formal statement stating that it will only dialogue when police violence stops and freedom of speech is restored in the country.

 

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