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South America, Central America and the Caribbean: Nicaragua

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Officially Republic of Nicaragua, republic (2005 est. pop. 5,465,000), 49,579 sq mi (128,410 sq km), Central America. Nicaragua is bordered on the north and northwest by Honduras, on the east by the Caribbean Sea, on the south by Costa Rica, and on the southwest by the Pacific Ocean. The capital and largest city is Managua.

The second poorest country in the Western Hemisphere, Nicaragua is a developing nation with an increasingly authoritarian government.  Significant irregularities in the electoral process marred the national elections in November 2011. 

The Contras

"The Contra War and the Iran-Contra affair that shook the Reagan presidency were center stage on the U.S. political scene for nearly a decade. According to most observers, the main Contra army, or the Fuerza Democrática Nicaragüense (FDN), was a mercenary force hired by the CIA to oppose the Sandinista socialist revolution." The Real Contra War - Timothy C. Brown

...uncover another series of covert NSC68 actions that tie into the Iran-Iraq war.  A civil war in Nicaragua during the 1980’s involved a guerilla movement, known as the Contras, rising against the Sandinista government.  The United States Congress enacted the Boland amendment, which forbids any government agency, including the CIA, from helping the Contras.  However, under NSC68, President Reagan did in fact fund the Contras.  President Reagan was in need of funds for the Contras and needed to avoid Congress finding out what he was doing. Therefore, he, and his upper echelon, ordered the selling of weapons to Iran during the Iran-Iraq war to gain the funds needed to support the Contras. ... This culmination of NSC68 actions was known as the Iran-Contra affair. 

From The Iran - Iraq War - The Cold War

Business and Economics

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