given the blatant disregard for the democratic process displayed by the president of nicolai what, i am not surprised by that announcement. -- nicaragua, i am not surprised by that announcement. there are $1.40 billion in multilateral loans tied to it. the ortega government has consistently criticized the united states and has accused the democratic process to advance his own agenda at the expense of the nicaraguan people. it did not renew its transparency waiver. why with the state department decided to renew the property river -- property waiver? that is a message that we want to send to any country that is backsliding in its democratic responsibilities and its responsibilities for property rights? >> thank you, sir. the secretary did renew the nicaraguan property waiver. it has been in place since 1994. there was a broad analysis that took place in the process of deciding whether to renew that waiver. one of the key factors was that the computations we conducted resulted in a remarkable number of cases being resolved. there were a large number of cases that resolved. we decided th