In exercising its responsibility as the main active force in Panamanian society, the Chamber of Commerce, Industries and Agriculture is demanding that the branches of government and its authorities correct their behavior, and serve purely national interests.
A ship's captain is the person legitimately appointed to rule the ship, and must not relinquish power to rebellious sailors who want to set a course that serves their own interests and not the rest of the passengers.
Since the institutional crisis the tax supervision body has been operating without a head since April, while the fiscal deficit is still growing and legal bills sleep in the Assembly.
In an opinion piece published on Prensalibre.com, Oscar Chile Monroy, refers to the need for the new president Alejandro Maldonado to urgently decide on who are the new authorities for the Tax Administration in order to redirect the state of public finances, after the institutional crisis whose effects are still being felt in the tax collection agency.
Although six companies have already pre-qualified, it has been announced that the tender to build the Administrative Center of the State of Guatemala could be postponed until at least March 2016.
Julio Héctor Estrada, executive director of the Agency for Partnerships for Economic Infrastructure Development, explained that "... discussions are being held with multilateral and multi investment banks in order to secure financing for the project, but good conditions are needed because otherwise interest rates will be expensive. "
Amcham claims that the political crisis drove away investors who are now considering returning, "convinced that the message of the intention to strengthen the State is true."
Juan Pablo Carrasco, vice president of the Guatemalan Chamber of Commerce (AmCham), told Elperiodico.com.gt that "... An example of (better perceptions) is that on 23 September, a trade mission composed of 12 US franchises come to the country with the idea of settling there, which is a message of confidence to Guatemala and its market. "
In the view of Standard & Poor's the resignation of Perez Molina and the customs fraud will not have a negative impact on debt ratings in the short-term.
From a statement issued by Standard & Poor's:
Mexico City, September 3, 2015.- Otto Perez Molina resigned from the presidency of Guatemala after the National Congress withdrew his legal immunity. Perez Molina now faces a legal process to defend himself against accusations that he was involved in the case of customs fraud, which also involves other key members of his government.
With 132 votes in favor, the Congress decided to remove the president's immunity, who will have to face the accusations of corruption.
While the president insists on staying in office, the commission appointed to examine the arguments in President Perez Molina's defense and evidence presented by the prosecution decided unanimously to recommend to Congress to waive his immunity so that he faces judgement. On September 1st, the Congress voted and decided to remove the inmunity.
The appointment as Minister of Economy and Competitiveness Commissioner of people linked to the telecommunications sector has created strong suspicions, and comes at a time when a $250 million deal is on the table.
An article in Plazapublica.com.gt reports that "... the appointment of Ricardo Sagastume and Acisclo Valladares Urruela as Minister of Economy and Presidential Commissioner for Competitiveness, respectively, in a government that is drowning under the weight of allegations of corruption, has generated doubts and suspicions. When everyone else is leaving the ship, they are getting ready to get onboard. With a lack of coherent explanations from the Presidency and the new officials themselves, everything points to Tigo, the telephone company from which both of them come from, and a multi million dollar business deal in its favor as a result of the troubled waters in which the country finds itself. "
The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations is asking him to leave office and be accountable, preventing unnecessary institutional expense for the country.
From a statement issued by the CACIF:
The undersigned organizations, members GUATEMALA FORUM, wish to express to Otto Perez Molina :
The current political turmoil is threatening the implementation of important infrastructure projects such as the construction of the State Administrative Center, valued at $200 million.
The resignation of several ministers in Perez Molina's cabinet, including Sergio de la Torre, Economy Minister and Commissioner for competitiveness, Juan Carlos Paiz, both members of the board of the National Agency for the Development Partnerships Economic infrastructure (ANADIE) complicates the near future of planned projects to be developed in the form of public - private partnerships.
Threats made by organized criminals to transporters were carried out on monday when 7 drivers who had not joined the strike ordered by gangs were killed.
For the second consecutive day thousands of people "... were affected by a transport strike which was apparently the result of a vicious rumor mill unleashed by gangs that terrorized employers and employees in the sector, after the burning of several units and murder of motorists. "
The rating agency has changed the outlook on the rating of foreign debt from stable to negative due to the political crisis in the Guatemalan nation.
From a press release issued by Moody's:
New York, May 26, 2015 -- Moody's Investors Service has today revised the outlook on Guatemala's government bond ratings to negative from stable. Concurrently, Moody's has affirmed the foreign and local currency government's issuer ratings and senior unsecured ratings at Ba1.
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