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Cablegate: Nicaragua: Amcit Property Claims Monthly Update: August 2007

VZCZCXYZ0007
RR RUEHWEB

DE RUEHMU #2031/01 2482208
ZNR UUUUU ZZH
R 052208Z SEP 07
FM AMEMBASSY MANAGUA
TO RUEHC/SECSTATE WASHDC 1172
INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE

UNCLAS MANAGUA 002031

SIPDIS

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: AUGUST 2007

1. Summary: In August 2007, the first month of the 2007-2008 waiver
year, the Government of Nicaragua (GON) reported the resolution of
one Embassy-registered property claim. Since January 1995, 2,515
Embassy-registered property claims belonging to 656 American
citizens (Amcits) have been resolved. There remain 678 registered
property claims belonging to 296 Amcits. Including Amcit claims not
registered with the Embassy, a total of 4,535 Amcits' claims have
been resolved since January 1995. Most have involved compensation
via government-issued indemnification bonds (bonos de pago de
indemnizacion or BPIs). As of July 31, 2007, the GON had issued
BPIs with a face value of $321,300,000 to Embassy-registered
claimants. As of August 31, 2007, the face value of BPIs issued
remains the same. End Summary.

EMBASSY-REGISTERED CLAIMS RESOLVED IN AUGUST 2007
--------------------------------------------- ----

2. In August 2007, the first month of the 2007-2008 waiver year, the GON reported the resolution of one claim registered with the Embassy by one claimant.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ----- ------ ----------

Quiros, Roberto house 1 recovered

3. Mr. Quiros claimed a house in the upscale neighborhood of Los Robles, Managua. He recovered his property through the judicial system.

STATUS OF AMCIT PROPERTY AS OF 08/31/07
---------------------------------------

4. The following is a snapshot of current Amcit property claims.
To differentiate between claims registered before and after the July
31, 2005, Consolidated Appropriations Act deadline, the Embassy
maintains separate registers. One claim was resolved in the month
of August.


EMBASSY-REGISTERED CLAIMS NUMBER
------------------------- ------

Total Amcits with all claims resolved 656
(145 were Amcits at time of confiscation)

Total Amcits with pending claims 296
(64 were Amcits at time of confiscation)

Total Amcits registered with the Embassy 1,137
prior to July 31, 2005
(269 were Amcits at time of confiscation)

Total Amcit claims pending resolution 678
(117 were claims of Amcits at time of confiscation)

Total Amcit claims resolved 2,515
(403 were claims of Amcits at time of confiscation)


EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
------------------------------------------ ------

Claims resolved so far in calendar year 2007 6
(0 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2006 81
(6 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2005 126
(7 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2004 218
(11 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2003 243
(22 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2002 125
(20 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2001 175
(17 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2000 70
(7 were claims of Amcits at time of confiscation)


EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
--------------------------------------------- ---- ------

Registered claims resolved so far in 2007-08 1
(waiver year: August 1, 2007 - July 31, 2008)

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 54
(subject to revision)

GON-held claims resolved 2007-08 waiver year 0

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) 176


TOTAL PROPERTIES RECOVERED NUMBER
-------------------------- ------

444

TOTAL CLAIMS RESOLVED BY LAND SWAPS NUMBER
----------------------------------- ------

6

TOTAL CLAIMS COMPENSATED IN BONDS
(face value of bonds $321.30 million) NUMBER
------------------------------------- -----

1,854

NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER
----------------------------------------- ------

Non-registered resolutions 2007-08 waiver year 0

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


TOTAL REGISTERED & NON-REGISTERED RESOLUTIONS NUMBER
--------------------------------------------- ------

Total number of Amcit claims resolved 4,535


NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
--------------------------------------------- --- ------

Total Amcit claimants registered with Embassy 12
(1 was an Amcit at time of confiscation)

Total Amcit claims pending resolution 18
(1 was a claim of an Amcit at time of confiscation)

TRIVELLI

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