Guatemalan industries prepare plan to revive the economy

The Chamber of Industries presented its proposal yesterday for reviving the economy, which seeks to preserve jobs and sources of employment.

Wednesday, November 26, 2008

The main pillars of the proposal are: credit access, advocate for a decrease in the main rate of the monetary policy in order to make credit cheaper; to strengthen national production, combat contraband trade as a State policy in order to prevent illegal competition with the local industry and to prevent the loss of jobs and physical resources; to ratify Convention 175 of the International Work Organization in order to allow the hiring of season workers; and to approve the Law of public private participate and for the Government to execute the national budget more effectively.

More on this topic

Costa Rican Industrial companies propose plan for crisis

January 2009

The Chamber of Industrial Companies presented a 6-point plan to the government which includes a draft resolution. reports: "The Chamber recommended that the Government carry out priority purchase of goods and services from the industrial firms and from small and medium local companies.

Businessmen Demand Labor Flexibility in Guatemala

May 2010

CACIF listed its priorities: security and justice, economic recovery based on a Competitiveness Agenda, and a Social Agenda.

Carlos Amador, new president of the Coordinating Committee for Agricultural, Commercial, Industrial and Financial Associations (CACIF), explained they want the government to include their proposals in Guatemala’s state policies.

Nicaragua: Economist recommends State intervention in the economy

September 2008

The State will have to intervene rationally in the economy in order to strengthen the internal market and adopt new social protection measures.

This proposal was made by Roger Cerda, Doctor of Economics, who, upon examining the huge problems that have shaken the main exchanges in the world, explained that in the main economies of the world's major countries the State has intervened in order to reduce the unfortunate effects of these economic storms.

The Lehman effect on Honduras

September 2008

"The global financial crisis has cause the main investment bank in the US to go bankrupt and will produce an strong impact on the Honduras' weak economy.

"Economic growth will stop, limiting access to credit and as a result the upward trend of interest rates will continue," the ex-president of the Central Bank of Honduras, Maria Elena Mondragon, warned.

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