Jaime Morales Carazo

On May 28, 2006, Morales Carazo accepted the nomination to run for the vice presidency, as a running mate to Daniel Ortega, the FSLN and the Alliance "Unity Nicaragua Triumphs". Ortega went on to win the national election held on November 5, 2006. Morales Carazo assumed the position of Vice President on January 10, 2007.

In 1993 he was responsible for the development of statutes for the Liberal Constitutionalist Party (PLC), re-written on the occasion of the Party's centenary celebration. In 1996 he was Head of Campaign for the PLC and the Liberal Alliance that won the national elections. In November 2001 he was elected National Deputy to the Legislative Assembly as a member of the Blue and White Bench, serving for five years as President of the Commission on the Environment and Natural Resources. During the administration of 1997–2001 he was Personal Adviser with the rank of Minister of the President and Chairman of the National Council for Sustainable Development (CONADES).

Born to Carlos A. Morales Casco and Anita Carazo Arellano in Granada, Nicaragua, he obtained a degree in Industrial Relations at the American Institute of Higher Business Management (IPADE-Universidad Panamericana, Mexico). Morales has been active in financial and business circles, entering politics after 1980. In the mid-1960s, he established the Nicaraguan Bank Group (BANIC), the first private banking investment and development firm in Nicaragua, which eventually became one of the largest of its kind in Central America. He also worked at the Institute for National Development (INFONAC) as a vice president.

From July 1979, Morales Carazo lived in Honduras and Mexico. In 1983 he became involved with the Nicaraguan Democratic Front (NDF), later known as the Nicaraguan Resistance. He was a Chief Negotiator in the Sapoa peace process with the government of the Sandinista National Liberation Front (FSLN). He returned to Nicaragua in 1996.

Jaime Rene Morales Carazo (born 10 September 1936) is a Nicaraguan politician who was the Vice President of Nicaragua between January 2007 and January 2012.