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Nicaragua's Ortega is inaugurated Nicaragua's Ortega takes office
(about 1 hour later)
Nicaragua's Daniel Ortega has been sworn in as president after his convincing election victory last year. Daniel Ortega has been inaugurated as Nicaraguan president, two months after his convincing election victory.
The one-time revolutionary has said he wants to maintain economic stability and will not impose any radical changes of economic policy. The one-time revolutionary, who fought for almost two decades to return to power, was sworn in during a ceremony in the capital, Managua.
He has said he wants to spend more on education and health care and improve conditions for the 80% of the people who live on $2 a day or less. The Sandinista leader won November's presidential election pledging to fight hunger, poverty and corruption.
Mr Ortega ruled Nicaragua for 11 years after the 1979 Sandinista revolution. He has said he wants friendly relations with the US but he also has warm ties with some of its fiercest foes.
His guests are a who's who of leftist Latin American leaders who have swept to power in recent years - including Venezuela's Hugo Chavez, Bolivia's Evo Morales and Ecuador's Rafael Correa. Stability pledge
Mr Chavez arrived in Nicaragua shortly after being sworn in for his third term in office. Many of the leftist Latin American leaders who have swept to power in recent years attended the ceremony, including Venezuela's Hugo Chavez, Bolivia's Evo Morales and Ecuador's Rafael Correa.
Mr Ortega's Sandinistas fought a decade-long civil war with the Contra rebels who were backed by the United States. Cuba's Fidel Castro, too ill to personally attend the swearing in, sent a message of "utmost support" to Mr Ortega.
The US has said it will work with Mr Ortega if his government backs democracy. More than three-quarters of the population live on two dollars a day
Mr Chavez arrived in Nicaragua shortly after being sworn in for his third term in office, pledging "socialism or death" in his inauguration speech.
Bolivia's Mr Morales said: "Daniel Ortega's win gives strength and hope not only to Nicaragua but to all of Latin America."
Mr Ortega, 61, wore his trademark white shirt with the cuffs rolled up to his elbows during the ceremony in a square that he built when he was president of the country in the 1980s.
He was given the blue-and-white presidential sash from the speaker of Congress.
The BBC's America's editor Will Grant says Mr Ortega has changed considerably since he fought a civil war against the US-backed Contra rebels in the 1980s.
He is now a committed Christian and when Mr Chavez nationalised sectors of the Venezuelan economy earlier this week, Managua was quick to distance itself from such decisions for fear of upsetting foreign investors.
Mr Ortega, who ruled Nicaragua for 11 years after the 1979 Sandinista revolution, has promised to maintain economic stability and not to radically change economic policy.
He has also pledged to spend more on education and healthcare to improve the conditions of 80% of country's population who live on around $2 (£1.03, 1.54 euros) a day.