Nicaragua’s Flip From Taiwan to China Has Yet to Pay Off
Engaging with Beijing was supposed to anchor the nation’s economy, but the decision has not lived up to expectations.
MEXICO CITY — In December 2021, Nicaragua’s President Daniel Ortega broke longstanding diplomatic ties with Taiwan to establish relations with the People’s Republic of China. The shift was concerted by Laureano Ortega Murillo, Ortega’s son and a leading international envoy, who hailed it as a transformative move to “a new era.” The reopening of a Chinese embassy in Managua on December 31, 2021, was the most visible symbol of this “new era.” At the inauguration, China’s representative, Yu Bu, and Nicaragua’s foreign minister, Denis Moncada, highlighted the importance of...
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