IBOV 185,547.66 ▼ 0.51% IPSA 11,235.54 ▼ 0.77% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,028,871 ▼ 1.65% COLCAP 2,511.76 ▼ 2.16% BVL PERÚ 58,496.57 ▲ 0.80% USD/BRL5.15— 0.00% USD/MXN17.21▼ 0.22% USD/CLP954.20▼ 0.22% USD/COP3,124▲ 0.06% USD/PEN3.37▲ 0.39% USD/ARS1,512▲ 0.37% USD/UYU40.19▲ 2.94% USD/PYG5,905▲ 1.29% USD/BOB10.10▼ 13.67% USD/DOP59.01▲ 0.27% USD/CRC444.45▲ 1.84% USD/GTQ7.62▲ 2.98% USD/HNL26.85▲ 0.27% USD/NIO36.62▲ 2.69% USD/VES845.33▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.25% EUR/BRL5.92▼ 0.15% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,547.66 ▼ 0.51% IPSA 11,235.54 ▼ 0.77% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,028,871 ▼ 1.65% COLCAP 2,511.76 ▼ 2.16% BVL PERÚ 58,496.57 ▲ 0.80% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, September 17, 2026

Defense Monitor Latin America

Nicaragua Presidential Term Reform Moves to Seven Years

By · August 1, 2026 · 4 min read

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Nicaragua

Key Facts

Proposed Term A draft reform presented to the National Assembly on July 28, 2026, proposes extending the presidential term from six to seven renewable years.

Expected Approval A first vote is expected in early September 2026, but the reform must pass two separate legislatures, so final ratification would not come until the first half of 2027.

Co-Presidency The reform builds on a constitutional overhaul approved in November 2024 and in force since February 2025 that established a co-presidency for Daniel Ortega and his wife, Rosario Murillo.

Opposition Bar The 2026 proposal includes provisions to bar opposition figures labeled as ‘traitors’ or ‘coup-plotting’ from future elections.

International Condemnation The OAS, UN experts, and the IACHR have strongly condemned the constitutional changes as institutionalizing an authoritarian regime.

The Nicaragua presidential term is poised to be extended to seven years under a new constitutional reform proposal sent to the country’s National Assembly, a move that would further cement the joint rule of President Daniel Ortega and co-President Rosario Murillo while drawing fresh international criticism.

Palacio Nacional in Nicaragua with political banners
Nicaraguas National Assembly is weighing a seven-year presidential term.
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The 2026 Reform Proposal

On July 29, 2026, Reuters reported that a draft constitutional reform had been submitted to Nicaragua’s Congress to extend the presidential term from six to seven “renewable” years. The proposal, sent on a Tuesday evening, is expected to be approved in September 2026, according to the same report. Vatican News also confirmed the National Assembly’s plan to approve the amendment in September, though it noted the change was from five to seven years, reflecting some confusion over the baseline term following previous reforms.

The Ortega-Murillo Co-Presidency

The 2026 proposal builds directly on a sweeping constitutional overhaul approved by the National Assembly on November 22, 2024. That reform, which entered into force on February 18, 2025, according to the US Library of Congress, extended the presidential term from five to six years and, most notably, elevated Vice President Rosario Murillo to the position of “co-president” alongside her husband, Daniel Ortega.

Election Uncertainty

The timeline for future elections remains deeply conflicted. Before the 2025 term extension, some election-tracking sources pointed to a general election in November 2026, while others had already shifted the expected presidential vote to November 2027. However, in July 2026, President Ortega declared there would be “no more elections,” a statement widely interpreted as a cancellation of any future electoral process.

International Reaction

The international community has responded with strong condemnation. The General Secretariat of the Organization of American States (OAS) condemned the 2024 reform package as illegitimate and an “aberrant” institutionalization of dictatorship. The UN Group of Human Rights Experts on Nicaragua stated the 2024 reform gave Ortega virtually unlimited power and deepened repression.

Consolidation of Power

The sequence of constitutional changes – from the 2025 co-presidency and six-year term to the proposed 2026 seven-year term – represents a systematic consolidation of power by the Ortega-Murillo family. The reforms have progressively eliminated term limits in practice by making terms “renewable,” removed institutional oversight, and now seek to legally bar any meaningful opposition from participating in elections, should any even be held.

Background: Brazil Tax Reform Timeline: Tech Sector Faces 2026 Invoice Shock.

Frequently Asked Questions

What is the proposed change to the Nicaragua presidential term?

A draft constitutional reform presented to the National Assembly on July 28, 2026, proposes extending the presidential term from six to seven renewable years. The National Assembly is expected to approve the amendment in September 2026.

Who are the current co-presidents of Nicaragua?

Daniel Ortega and his wife, Rosario Murillo, serve as co-presidents following a constitutional reform approved in November 2024 that entered into force on February 18, 2025. The reform elevated Murillo from vice president to co-president.

What has been the international reaction to Nicaragua's constitutional changes?

International bodies including the OAS, UN human rights experts, the UN High Commissioner, and the IACHR have strongly condemned the reforms. They describe the changes as institutionalizing a dictatorship, eliminating democratic checks and balances, and deepening repression.

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Sources: Reuters.

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