Guatemala Authorizes $ 210 Million Bond Issuance

Congress approved a $ 210 million bond issuance with the purpose of rebuilding the country.

Thursday, November 25, 2010

Recent natural disasters which have hit the country left damages for more than $ 1,500 million.

"The decision was adopted with 110 votes from a quorum of 133. Decree 53-2010 was approved with 4 amendments and stipulates that if the resources are not used this year, they may be included in the 2011 budget," wrote Kenia Reyes from Elperiodico.com.gt.

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Guatemala: Monetary Board Authorizes Bond Issue

October 2010

The Monetary Board (JM) authorized the issuance of $ 210 million in treasury bonds by the Ministry of Finance.

If approved by Congress, the Government's deficit this year would reach 3.4% of GDP.

Elperiodico.com.gt reports, "Julio Suarez, vice president of Banguat, announced that JM endorsed his opinion of an increase in public debt, although representatives of the private banking and corporate sectors opposed it."

Guatemala Issues $ 210 Million in Bonds

December 2010

The Official Journal publication´s of the Legislative Decree authorizes the Ministry of Finance to begin issuance.

During the remainder of 2010, the ministry expects to place about $ 37 million "to fund spending regarding effects from storm Agatha and the Pacaya volcano,” wrote Elperiodico.com.

Monetary Board of Guatemala Authorizes Bonds

July 2013

The monetary authority has endorsed the issuance of $447 million in Treasury bonds, which will be used to settle debts with private contractors.

José Luis Agüero, president of the Guatemalan Chamber of Construction (CGC) believes that this is an important step to be able to honor the debt, and if Congress goes on to approve the issuance, they will become resources that will revive the economy.

Guatemala Places $32 million in Bonds

January 2013

On January 15, 2013 Guatemala started the issuance of Treasury Bonds for fiscal year 2013.

A press release from the Ministry of Finance, Guatemala reads:

The Ministry of Finance successfully launched this January 15, 2013, a placement of Treasury Bonds by the Republic of Guatemala for fiscal year 2013, approved by Decree No.

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