The Millennium Challenge Corp. withdrew $62 million from its $175 million compact with Nicaragua amid democratic concerns,

reported. The Latin American nation is currently being led by former Marxist guerrilla leader Daniel Ortega. The U.S. government also suspended new assistance to Nicaragua in November due to allegations of fraud in municipal elections.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.