Iran's 'investment' in Nicaragua

Washington Post:

For months, the reports percolated in Washington and other capitals. Iran was constructing a major beachhead in Nicaragua as part of a diplomatic push into Latin America, featuring huge investment deals, new embassies and even TV programming from the Islamic republic.

"The Iranians are building a huge embassy in Managua," Secretary of State Hillary Rodham Clinton warned in May. "And you can only imagine what that's for."

But here in Nicaragua, no one can find any super-embassy.

Nicaraguan reporters scoured the sprawling tropical city in search of the embassy construction site. Nothing. Nicaraguan Chamber of Commerce chief Ernesto Porta laughed and said: "It doesn't exist." Government officials say the U.S. Embassy complex is the only "mega-embassy" in Managua. A U.S. diplomat in Managua conceded: "There is no huge Iranian Embassy being built as far as we can tell."

The mysterious, unseen giant embassy underscores how Iran's expansion into Latin America may be less substantive than some in Washington fear.

Iran's proposed investments in Nicaragua -- for a deep-water port, hydroelectric plants and a tractor factory -- have also failed to materialize, Nicaraguan officials say. At a time when Iran's oil revenue is falling, the same is true of many projects planned for Latin America, according to analysts.

U.S. officials emphasized that there is plenty of reason to be concerned about Iran, which they consider a state sponsor of terrorism. But the Iranian activity has revived Cold War-style rhetoric in Washington that at times doesn't match what is evident in places such as Managua.

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I think what we are seeing is a difference between Iran's ambitions and it capacity to achieve them. The fall in the price of oil probably has a lot to do with its failures to date, but we should not discount the ambitions. The religious bigots of Iran are still in charge and they have not changed anything but their time frame.