Guatemalan Congress approves new loans
The Congress approved two loans for $28.5 million which will be added to the $950 million that were approved last Tuesday to finance the national budget.
Thursday, February 5, 2009
PRENSALIBRE.com reports, "The decision to approve another loan for $30 million (Q237 million) - in aid for the criminal justice system -, was postponed at the request of the "Eferregistas" lawmakers who asked for more time to analyze it, as they claimed that "not even the Supreme Court knew all the details."
Congress approved five loans totaling $950 million to finance this year's budget.
The Executive authorized the country to negotiate a loan with the International Bank for Reconstruction and Development.
A $40.5 million loan will prevent deterioration of fiscal situation due to the global recession.
The Ministry of Finance has submitted the National General Budget for fiscal year 2014, which considers a 2.3% fiscal deficit.
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