Friday, August 13, 2010

Nicaragua & ALBANISA: The Privatization of Venezuelan Aid

1. “The Sea, the Ship, and the Uncertain Course,” Revista Envío, May 2008, Number 322.

2. “Comptroller’s Office to Audit ALBANISA,” NicaNet, February 9, 2010.

3. Tim Rogers, “Gov’t: Power Blackouts to End Dec. 1,” Nica Times, November 9-15, 2007.

4. Luis Galeano and José Adán Silva, “Apartan a Chico López,” El Nuevo Diario, December 27, 2009.

5. “Reported embezzlement at ALBA in Nicaragua,” El Universal, December 29, 2009.

6. Figure calculated using exchange rate from January 2009 ( The córdoba has hovered around an exchange rate of 20:1 U.S. for the past couple years, but it continues to lose its value.

7. Translation of statement by Rafael Paniagua, quoted in: “Alemán rechaza palabras de representante del ALBA,” El Nuevo Herald, February 1, 2010.

8. Translated from quotes in: “Arce: “está loco” el ejecutivo del ALBA,” Radio La Primerísima, February 2, 2010.

9. “Nicaragua News Bulletin: 6. Channel 8 purchased by Sandinista group,” NicaNet, January 26, 2010.

10. Ibid.

11. Luis Galeano, “Albanisa es un pulpo,” El Nuevo Diario, September 28, 2009.

12. “CGR auditará ALBA, NISA,” Radio La Primerísima, February 4, 2010.

13. “Nicaragua: Alba cooperation under the spotlight,” Latin American Regional Report: Caribbean & Central America, February 2010, RC-10-02.

14. Victor Hugo Tinoco, “Corruption is the Most Serious Aspect of the Ortega-Chávez Relationship,” Revista Envío, September 2009, Number 338.

15. “Nicaragua: Alba cooperation under the spotlight.”

16. Galeano.

17. “Nicaragua: Alba cooperation deepens,” Latin American Weekly Report, November 19, 2009, WR-09-46.

18. “What Surprises Will the End of this Third Year Bring?”Revista Envío, October 2009, Number 339.

19. “Venezuelan aid for Nicaragua,” LatinNews Daily, June 15, 2009.

20. “Selection indicators,” The Millenium Challenge Corporation.

21. “Nicaragua: IMF visit inconclusive,” Latin American Weekly Report, March 13, 2008, WR-08-10.

22. “Nicaragua: Questions surround funding for fuel subsidies,” Latin American Weekly Report, March 22, 2008, WR-08-20.

23. Hugo Tinoco.

24. “Nicaragua: ‘Alba’ bonuses stall talks with IMF,” Latin American Weekly Report, May 13, 2010, WR-10-19.

25. Translated from the following: “Si Albanisa fuese una empresa transnacional, ustedes creen que va a facilitar para mejorar el salario de los trabajadores, ¿cuándo?” cited from “Ortega reta a transnacionales repartir riqueza como Albanisa,” Radio la Primerísima, May 8, 2010.

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