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Nicaragua Signs Agreements With Iran

From those fans of international brotherhood at Al Jazeera:

Iran’s Energy Minister Hamid Chitchian (L) and Nicaragua’s President Daniel Ortega Saavedra talk during a meeting in Managua August 4, 2007.

Iran to fund Nicaraguan projects

Daniel Ortega, the Nicaraguan president, has signed a series of agreements with Iran defying pressure from the United States.

Iranian officials promised to help fund a new ocean port and build 10,000 houses for the cash-strapped Nicaraguan government during a visit to the capital Managua on Saturday.

Tehran also said it would help to choose a site for a $120m hydroelectric project to help Nicaragua overcome a power crisis which is causing daily blackouts in the Central American nation.

In exchange Nicaragua will export coffee, meat and bananas to Iran…

Under the accords, Iran will fund a farm equipment assembly plant, 4,000 tractors, four hydroelectric plants, five milk-processing plants, a health clinic, 10,000 houses, and two piers in the western port of Corinto, Rosario Murillo, government spokeswoman, said.

The signing ceremony, led by Ortega and Hamid Chitchian, Iranian energy minister, came one week after the US ambassador to Nicaragua warned the Central American nation about its increasingly close ties with Iran.

“Iran can be a dangerous partner,” Paul Trivelli said… 

Last week, Ortega presented poor farmers out a number of tractors delivered to Nicaragua under the Bolivarian Alternative for the Americas scheme of Hugo Chavez, the Venezuelan president, which provides energy and aid on favourable terms mainly to leftist governments.

The company which made the tractors is 51 per cent owned by Iranian investors.

Another bit of fallout from the Nicaragua elections our media so studiously ignored — except to tell us how much Daniel Ortega had changed.

This article was posted by Steve on Sunday, August 5th, 2007. Comments are currently closed.

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