Guatemala: Delay in Economic Agenda
Guatemala's Congress has 44 laws pending in economic and financial matters, which are key for improvement of the economy.
Tuesday, July 21, 2009
Modifications to the Acquisitions Law and the state purchasing process, a new municipal tax code, rules for regulating insurance activity and a law proposal for mega projects are some of the laws pending approval.
The project aims to facilitate the arrival of foreign investment in the country, but it remains trapped in Congress.
Seven bills designed to encourage investment are still pending in the legislative committees of finance, treasury, and economy.
The initiative includes the creation of a ministry to unite the policies, programs and projects on the development of agriculture which have become stalled in Congress.
Otto Pérez's government is putting the finishing touches on seven legislative proposals that should be ready to be introduced this week.
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