Guatemala plans alliance for infrastructure projects

Private-sector companies, both national and foreign, will be invited to participate in Guatemalan public-sector infrastructure projects under a bill published yesterday.

Wednesday, May 14, 2008

The bill aims to create a private-public "alliance for development" in which the private sector finances projects.
Top priorities are the construction of ports, airports and highway, where investment of US$200 million to US$300 million is required.

More on this topic

Panama: Law on Free Parking

September 2015

With opposition from the business sector and partially vetoed by President Varela, the Assembly has approved the law granting the right to free parking in shopping centers.

Now it will be the Supreme Court which decides whether the controversial law adopted in January and subsequently vetoed in two articles by President Varela, is not unconstitutional.

Employers and Unions Against the Government

August 2012

The Honduran government has aroused strong opposition after promoting a law that enables the use of funds from the private contributions scheme for housing programs.

In Congress, where the bill had been approved in a second debate, the discussion in the third debate was suspended "indefinitely until all sectors participate, at the request of labor unions and private businesses" said Juan Orlando Hernandez, president of the legislative body.

Increase in Direct Purchases Limit in Guatemala

March 2009

The New State Purchases Law would increase the limit in direct purchases from $3,700 to $9,300

Additionally, the Comptroller General of Accounts is proposing that the direct purchase process should be done with a bidding stage. Carlos Menco, head of the Comptroller's Office, told the Periódico of Guatemala that "the proposal is for a bid to be published on the website for such acquisitions, but the competition should not go through the same terms as a tender."

Guatemala: Parliament establishes "financial panic" as a crime

October 2008

It sanctions those who provide false information about the financial situation of the banks in country.

The Department of Communications of Parliament reported via a press release that lawmakers modified the current Penal Code to include this new infraction, which will be punishable with 1 to 5 years and fines of 130 to 6700 dollars.

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