Ortega says the Bank of ALBA will give loans to members without conditions to pay for development or social projects.
Seven Monitor correspondents reflect on the world's hot spots. In this installment, Sara Miller Llana says Latin America has economically boomed this year as the US and Europe struggle.
Back in Panama to serve more prison time, ex-dictator Manuel Noriega might be surprised how little the regional neighborhood has changed, writes guest blogger Mike Allison.
The blocking of observers at Nicaragua election sites and a strange pattern of results at the unobserved sites raises serious questions about the victories of Daniel Ortega and his party.
National Police Chief Aminta Granera, who once trained to be a Catholic nun, is Nicaragua's most popular public figure, thanks in part to her department's success in fighting organized crime.
The Sandinistas of the Cold War requested aid from countries across the globe, landing themselves in neither the Soviet nor American camps. Today President Daniel Ortega is in many ways following those same steps. But he soon may be forced to make some choices.
The leftists that comprise this group are, in many cases, more divergent than the right-left divide in their own countries, but from the rhetoric you would never know it.