Nicaraguan author and former politician Sergio Ramirez Mercado won the 2017 Cervantes Prize, the Spanish-speaking world’s highest literary honor. He has written more than 20 novels, including “Margarita, esta Linda la mar” (Margarita, How Beautiful the Sea), which won Spain’s prestigious Alfaguara award in 1998. The award consists of 125,000-euro ($148,000). The prizes are presented each April 23 on the anniversary of the death of Miguel de Cervantes, author of “Don Quixote”.