In Nicaragua, economic and political uncertainty under the Left-wing Sandisita government is making life difficult.
1. GV PAN Cars queuing for petrol. (2 SHOTS) 0.19
2. SV & CU Man filling up petrol tank at service station. 0.24
3. GV More queues of cars extending down street. (4 SHOTS) 0.35
4. SV Man exchanging petrol down street. (2 SHOTS) 0.45
5. GV Buses and taxis down street. (2 SHOTS) 0.57
6. GV Pedestrians cross on Zebra crossing. 1.12
7. GV & SV Busy street market. (2 SHOTS) 1.23
8. GV Empty garage forecourts and closed stations. (4 SHOTS) 1.36
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Background: MANAGUA, NACARAGUA
In Nicaragua, economic and political uncertainty under the Left-wing Sandisita government is making life difficult. A severe fuel shortage continues in the capital, Managua, several months after introduction of petrol rationing. The government of Daniel Ortega has organised a petrol-rationing scheme, issuing coupons for quantities between 4 1/2 and 24 litres (1 to 5 gallons). Drivers can exchange these coupons for petrol at fuel stations. Private motorist are limited to only 135 litres (30 gallons) of petrol each month. Trying to beat the fuel shortage, motorist saved up their coupons for the Christmas and New Year holidays, then tried to convert the coupons for petrol so they could visit friends and relatives. Unfortunately, the sudden rush for petrol quickly exhausted supplies; many drivers were left with coupons but with nowhere to get any petrol as fuel stations closed down. On December 14 last year, the Nicaraguan government negotiated a 25 to 30 millioon U.S. dollar loan with Western banks in an effort to meet a 40 million U.S. dollar interest payment on an earlier loan. Nicaragua has a serious shortage of foreign exchange, brought about by low prices of her main agricultural exports.
Source: REUTERS - MICHELE TAVERNA