Identifier
Created
Classification
Origin
09MANAGUA236
2009-03-05 18:21:00
UNCLASSIFIED
Embassy Managua
Cable title:  

NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: FEBRUARY 2009

Tags:  EINV ECON USTR KIDE NU 
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VZCZCXYZ0000
RR RUEHWEB

DE RUEHMU #0236/01 0641821
ZNR UUUUU ZZH
R 051821Z MAR 09
FM AMEMBASSY MANAGUA
TO RUEHC/SECSTATE WASHDC 3833
INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE
UNCLAS MANAGUA 000236 

STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID
STATE ALSO FOR WHA/EPSC
STATE PASS TO USTR
TREASURY FOR INL AND OWH

SIPDIS

E.O. 12958: N/A
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: FEBRUARY 2009

SUMMARY
-------

UNCLAS MANAGUA 000236

STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID
STATE ALSO FOR WHA/EPSC
STATE PASS TO USTR
TREASURY FOR INL AND OWH

SIPDIS

E.O. 12958: N/A
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: FEBRUARY 2009

SUMMARY
--------------


1. In February 2009, the Government of Nicaragua (GON) reported the
resolution of one Embassy registered property claim. There remain
615 unresolved registered property claims belonging to 292 U.S.
citizens in the Embassy's database. To date, the overwhelming
majority of resolutions have involved compensation via
government-issued indemnification bonds ("bonos de pago de
indemnizacion" or BPIs). As of February 28, 2009, the GON had
issued BPIs with a face value of $334,903,642.78 to
Embassy-registered claimants. Since taking office in January
2007, the Ortega administration has resolved 58 claims, eleven of
which during the 2008-2009 waiver year.

EMBASSY REGISTERED CLAIMS RESOLVED IN FEBRUARY
-------------- -


2. On February 2, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on January 12, 2009, by U.S. citizen Yelba Barker. Mrs.
Barker received BPIs worth 14,908,600 cordobas, approximately
$747,628. We have updated our database to reflect this settlement.


Type of No. of Type of
Claimant Claim Claims Resolution
-------------- -------------- -------------- --------------
Yelba Barker Land 1 bonds


STATUS OF AMCIT PROPERTY AS OF 02/28/09
--------------

3. The following is a snapshot of current U.S. citizen property
claims. The Embassy maintains separate databases for claims
registered before and after the July 31, 2005 deadline in the
Consolidated Appropriations Act.


EMBASSY-REGISTERED CLAIMS NUMBER
-------------- --------------
Total Amcits with pending claims 292

Total Amcit claims pending resolution 615


EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved calendar year 2009 1

Claims resolved calendar year 2008 47

Claims resolved calendar year 2007 10


Claims resolved calendar year 2006 81

Claims resolved calendar year 2005 126

Claims resolved calendar year 2004 218

Claims resolved calendar year 2003 243

Claims resolved calendar year 2002 125

Claims resolved calendar year 2001 175

Claims resolved calendar year 2000 70





EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
-------------- -------------- --------------
Registered claims resolved so far in 2008-09 11
(waiver year: July 29, 2008 - July 29, 2009)

Registered claims resolved 2007-08 waiver year 42

Registered claims resolved 2006-07 waiver year 34

Registered claims resolved 2005-06 waiver year 86

Registered claims resolved 2004-05 waiver year 187

Registered claims resolved 2003-04 waiver year 214

Registered claims resolved 2002-03 waiver year 183


Registered claims resolved 2001-02 waiver year 160

Registered claims resolved 2000-01 waiver year 142

Registered claims resolved 1999-00 waiver year 77

Registered claims resolved 1998-99 waiver year 156

Registered claims resolved 1997-98 waiver year 204

Registered claims resolved 1996-97 waiver year 145


EMBASSY-REGISTERED CLAIMS UNDER GON CONTROL NUMBER

-------------- --------------

Total Amcit properties under GON control 53
(subject to revision)

GON-held claims resolved 2008-09 waiver year 1

GON-held claims resolved 2007-08 waiver year 1

GON-held claims resolved 2006-07 waiver year 0

GON-held claims resolved 2005-06 waiver year 3

GON-held claims resolved 2004-05 waiver year 16

GON-held claims resolved 2003-04 waiver year 12

GON-held claims resolved 2002-03 waiver year 11

GON-held claims resolved 2001-02 waiver year 26

GON-held claims resolved 2000-01 waiver year 2

GON-held claims resolved 1999-00 waiver year 2

GON-held claims resolved 1998-99 waiver year 5

GON-held claims resolved 1997-98 waiver year 29

GON-held claims resolved (total) 177


CLAIMS DISMISSED BY GON DURING THE 2007-08
WAIVER YEAR NUMBER
-------------- --------------

MARCH 2008 73

FEBRUARY 2008 21

JANUARY 2008 34

NOVEMBER 2007 18


OTHER CATEGORIES TRACKED
--------------
NUMBER
--------------
DECISION AGAINST U.S. CLAIMANT IN COURT 9

(CLAIM WITHDRAWN BY AMCIT)

CLAIMS WITHDRAWN BY AMCITS 1
(PROPERTY UNDER AMCIT CONTROL)


CLAIMS WITHDRAWN BY AMCITS FOR 1
LACK OF SUPPORTING DOCUMENTS


TOTAL CLAIMS RESOLVED BY LAND SWAPS 6



TOTAL CLAIMS COMPENSATED VIA BONDS 1,903
(face value of bonds $334.90 million)


NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER

-------------- --------------
Non-registered resolutions 2008-09 waiver year 0

Non-registered resolutions 2007-08 waiver year 6

Non-registered resolutions 2006-07 waiver year 12

Non-registered resolutions 2005-06 waiver year 30

Non-registered resolutions 2004-05 waiver year 0

Non-registered resolutions 2003-04 waiver year 6

Non-registered resolutions 2002-03 waiver year 22

Non-registered resolutions 2001-02 waiver year 93

Non-registered resolutions 2000-01 waiver year 300

Non-registered resolutions 1999-00 waiver year 455

Non-registered resolutions 1998-99 waiver year 310

Non-registered resolutions 1997-98 waiver year 230

Non-registered resolutions 1996-97 waiver year 208


NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
-------------- --- --------------
Total Amcit claimants registered with Embassy 15

Total Amcit claims pending resolution 21


NON-WAIVER CLAIMS RESOLVED BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved in calendar year 2008 1

Claims resolved in calendar year 2009 1

CALLAHAN