Oxfam condemns the Nicaraguan National Assembly’s decision yesterday to cancel the legal registration of the Nicaraguan Center for Human Rights (CENIDH), the country’s most prominent human rights organization.

The richest 1% in Latin America and the Caribbean owns 41% of the region’s total wealth and if this trend continues, in only 8 years’ time the progress that has been achieved there in reducing poverty could drastically reverse, warns Oxfam today. On average, the annual income of Latin American billionaires is almost 5,000 times greater than that of the region’s poorest people.

Silvia Mancilla, Spokesperson of Oxfam Mexico said: