$19 Million Coffee Trust Without Execution
Guatemalan Public Finances stated that the Ministry of Livestock has not implemented these funds to provide loans to coffee growers.
Tuesday, May 19, 2009
The $100 million Financial Support Trust from the placement of treasury bonds for coffee sector producers was created after the coffee crisis in 2001.
The Financial Assistance Trust for the coffee sector will be restructured, focusing the funds on small and medium producers.
Months after its legislative approval, the Coffee Trust is to receive funds to support the sector affected by rust.
A year after the declaration of a state of emergency by the government because of the rust blight, 25,000 farmers are still waiting for the bureaucracy to enable the operation of a $40 million trust fund.
A number of coffee associations have reacted to the sector’s losses by requesting the activation of a $71 million Coffee Trust.
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