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 China official visits Nicaragua to launch housing initiative
China official visits Nicaragua to launch housing initiative
 by AFP Staff Writers
 Managua (AFP) April 15, 2023

The head of China's International Development Cooperation Agency, Luo Zhaohui, arrived in Nicaragua on Friday to launch a subsidized housing project, Vice President Rosario Murillo said.

Murillo did not give details of what would be built, but in April 2022 China committed US$60 million to finance subsidized housing in Nicaragua.

"Comrade Luo Zhaohui (...) is visiting us and will be here to inaugurate on Sunday (...) the National Program of New Victories Housing, which we are implementing with the support of the government and people of the People's Republic of China," said Murillo, wife of President Daniel Ortega.

Nicaragua and China reestablished diplomatic relations in 2021 after Managua severed ties with Taiwan.

Since then, both countries have signed memorandums of understanding to promote Chinese investment in Nicaragua.

Chinese diplomacy has made headway in Central America, most recently in March when Honduras switched diplomatic recognition from Taipei to Beijing.

The move prompted Taiwan President Tsai Ing-wen to visit Guatemala and Belize, its only remaining allies in the region, two weeks ago.

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