Nicaragua accepts dialogue call after protests

Image
IANS Managua
Last Updated : Apr 21 2018 | 1:15 PM IST

Nicaragua has accepted a call for dialogue by the private sector to discuss a new set of social security measures, which have led to widespread protests and violence in the country that killed at least five persons and injured around 100 in three days.

Vice President Rosario Murillo on Friday said that the government has decided to accept the call by the business guilds to come to the dialogue table to discuss the contentious social security measures and other issues, Efe news reported.

Earlier in the day, the private sector of Nicaragua had called for a march for peace and dialogue on Monday and urged authorities to respect their right to protest on the streets.

The call came after three days of violence and protests in the country against new social security measures by the government, led by President Daniel Ortega.

The new social security measures would require employees to pay seven per cent of their salaries, up from 6.25 per cent, to the Nicaraguan Institute of Social Security (NISS), while employers will have to contribute 21 per cent, up from 19 per cent.

The measures have been dismissed by businesses and experts as a tactic to stop the NISS from going bankrupt.

They also fear the reforms could increase unemployment, lower consumption and competition and harm the business climate.

--IANS

nks/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 21 2018 | 1:10 PM IST

Next Story