Flag of Nicaragua
  1. Nicaragua Main Page
  2. Dictators Struggle for Power
  3. Sandista's Rule Comes to an End
  4. International Involvement
  5. Ortega Wins Controversial Reelection
  6. An End to the Monroe Doctrine?
International Involvement

The country received an enormous show of support from the international community in 2004 when the IMF and World Bank forgave $4.5 billion of Nicaragua's debt. In April 2006, a free-trade agreement with the U.S. (CAFTA) went into effect.

Former Sandinista president Daniel Ortega won the Nov. 2006 presidential election with 38% of the vote and took office in Jan. 2007.

On March 7, 2008, during a summit meeting in the Dominican Republic, the leaders of Colombia, Ecuador, Venezuela, and Nicaragua ended their diplomatic dispute over Colombia's raid into Ecuador that occurred on March 1, 2008.

Next: Ortega Wins Controversial Reelection
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