Coordinated diplomatic strategy to restrict investment and loans that benefit the Government of Nicaragua from the Central American Bank for Economic Integration

Section 4 of the Nicaragua Investment Conditionality Act of 2018 (Public Law 115–335; 50 U.S.C. 1701 note) is amended— (1) by redesignating subsection (f) as subsection (g); (2) by inserting after subsection (e) the following new subsection (f): (f) Diplomatic strategy To restrict investment in Nicaragua at the Central American Bank for Economic Integration The Secretary of State, in consultation with the Secretary of the Treasury, shall engage in diplomatic efforts with governments of countries that are partners of the United States and members of the Central American Bank for Economic Integration (referred to in this section as CABEI), including the governments of Mexico, Taiwan, Argentina, Colombia, Spain, and the Republic of Korea— (1) to oppose the extension by CABEI of any loan or financial or technical assistance to the Government of Nicaragua for any project in Nicaragua; (2) to increase the scrutiny of any loan or financial or technical assistance provided by CABEI to any project in Nicaragua; and (3) to ensure that any loan or financial or technical assistance provided by CABEI to a project in Nicaragua is administered through an entity with full technical, administrative, and financial independence from the Government of Nicaragua.; and (3) in subsection (g), as so redesignated— (A) in paragraph (4), by striking; and and inserting a semicolon; (B) by redesignating paragraph (5) as paragraph (6); and (C) by inserting after paragraph (4) the following new paragraph (5): (5) a description of the results of the diplomatic strategy mandated by subsection (f); and.