Nicaragua's finance minister resigns

Bruno Gallardo will be Nicaragua's new Finance Minister, replacing Ivan Acosta, who was sanctioned by the US in 2020, the nation's official gazette showed, Report informs referring to Reuters.

Gallardo, a 79-year-old former union leader, previously served as deputy finance minister and had been signing off on credit agreements with international organizations since Acosta was sanctioned.

Acosta had held his post since 2012. He was sanctioned by the US Treasury for financially supporting the administration of President Daniel Ortega and for reportedly threatening banks to not participate in an opposition-organized strike to free political prisoners in 2019.