In order to stimulate the return of airlines to the country and reactivate tourism, the government eliminated from the price of jet fuel, the subsidy that financed the cost of LP gas, bunker, asphalt and asphalt emulsion.
In this context of health and economic crisis resulting from the outbreak of covid-19, the Alarado administration, signed Executive Decree No.
The government will give producers, associations or cooperatives of corn and sorghum, $3 for every quintal harvested during the 2019-2020 agricultural cycle.
To apply for the subsidy that was made official through resolution No.OAL-047-ADM 2020 published in the March 3 edition of the Official Journal, producers must comply with several requirements.
The National Assembly of Panama approved funds to pay during the second half of the year, incentives to producers of rice, corn and milk grade C.
The Budget Commission of the National Assembly approved in favor of the Ministry of Agricultural Development (MIDA) $17,371,543, to pay incentives to producers, needs an official report.
Costa Rican businessmen complain that because of export subsidies granted to sugar producers in India, there has been an artificial increase in production, causing prices to fall below costs.
Édgar Herrera, executive director of the Industrial Agricultural League of Sugarcane (Laica), explained to Elobservador.cr that "... These subsidies are greater than those allowed by the World Trade Organization, in the order of $10 billion annually.
The World Trade Organization created a special group to address a complaint filed by Guatemala for alleged export subsidies granted to sugar cane producers in India.
In Panama, the subsidy to producers of $7.50 per quintal of rice that expired on June 30, 2019, was extended again by the government, this time until June 30, 2020.
The signing of a resolution to support national rice producers took place on July 18 at a meeting held by President Laurentino Cortizo Cohen with the Minister of Agricultural Development, Augusto Valderrama, and directors of public agricultural sector institutions, the government said.
Peruvian producers are against the import quotas that were approved in the trade agreement between the two countries, arguing that sugar production in Guatemala is subsidized.
The dispute goes back several years, since the imposition of tariffs on Guatemalan sugar is the reason why the entry into force of the trade agreement was postponed, which had been signed by both countries in December 2011.
Guatemala asked the WTO to review domestic support measures and alleged export subsidies granted to sugar cane and sugar producers, which are carried out in the Asian country.
Luis Miguel Paiz, manager of Asociación de Azucareros de Guatemala (Asazgua), explained to Prensalibre.com that "... Guatemalan producers are concerned about the impact of Indian subsidies on sugar production, transport, storage and export."
For 2018-2019, the government decided to approve the payment of $3 for each quintal harvested by corn producers, associations and cooperatives.
Some of the fundamental requirements to be met by producers who apply for the benefit are: to have a supplier code, to use the weights authorized by the National Direction of Agriculture (DNA), to present a summary table of the sale of corn, original invoices, photostatic ballots and shipping guide, to fill out the certificate of certification of the corn sold, peace and safety of the DGI, copy of the DGI and note with which the file is presented to DNA, informed the Ministry of Agricultural Development (MIDA).
In Panama, the incentive of $7.50 applied to each hundredweight of paddy rice has been extended for the period from July 1, 2018 to June 30, 2019.
The Ministry of Agricultural Development (Mida) reported that in addition to the incentive of $7.50, it has been established that the price of a hundredweight of rice will be $17, (depending on the variations that occur in terms of promotions or discounts), which will be paid by the mills and intermediaries to local producers.
The government has announced that it will have $8 million to subsidize interest rates on loans for the construction of six thousand middle class homes.
This is the second announcement made by the Hernández administration so far this year regarding financing for the construction of low-income housing. At the beginning of January, financing was reported for the construction of 10,000 homes in the capital and its surroundings.
The plan to reduce subsidies on electricity tariffs could be executed within four years, between 2018 and 2022, and in coordination with the business sector.
The Ortega administration's plan is to start with revision of the current subsidy schemes and develop a strategy to reduce them gradually.
Bayardo Arce Castaño, adviser of Economic and Financial Affairs at the Presidency, explained: "...The IDB is going to lend us $65 million to make progress in the regulation of the electricity sector.The idea is that this reorganization take place between 2018 and 2022.It is not that tomorrow or the first of January of 2018 the subsidy will be removed or the rate lowered or raised, it is not like that.This is a four-year affair. "
The law reform approved by the National Assembly raises from $32 thousand to $40 thousand the cap to receive a subsidy for social interest housing and up to $50 thousand for housing in condominiums and apartments.
With the reforms, the ceiling for receiving the subsidy for social interest housing is increased from $32 thousand to $40 thousand for a single family dwelling and up to $50 thousand for multifamily housing, the latter is a new feature of this initiative, specifically for condominiums and apartments.
The nicaraguan government has announced a new subsidy on the interest rate for apartments´purchases worth up to $50,000 and constructed within buildings with no more than four floors.
In addition to this new incentive to purchase housing classified as social interest and in high rise form, the Ortega administration has announced that it will expand from $32 thousand to $40 thousand the maximum value of high rise housing that is eligible for the current interest rate subsidy.
The Varela administration is considering improving incentives granted to finance the construction and purchase of homes priced between $80,000 and $120,000.
The government plans to build 175 thousand houses in 2017, of which 100,000 correspond to the ´Roofs of Hope program', 45,000 to the 'Bono Solidario' program and 30,000 to the 'preferential interest rate'.
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