In contrast to the measures taken by some neighboring countries, the government reported that at the local level, charges for water, electricity, Internet and telephone services will not be suspended.
Authorities argued that at the moment it is not possible to postpone payments, as few basic services are provided by the government in the country.
Ebal Diaz, Secretary of State, told Laprensa.hn that "...
Without clarifying which companies or individuals could apply the measure, the Bukele administration announced a three-month exemption from payment of mortgage loans, services such as water, electricity, Internet, cable and telephone.
These measures may be applied by all those "... natural and legal persons, which are directly affected by the covid-19 pandemic and government institutions must ensure that in their implementation there is no abuse or exploitation". As a result of this announcement, uncertainty has arisen as it is not clear how those "directly affected" will be determined.
The Altara El Tucano project has stopped paying its investors and is to execute the Guarantee Trust.
After the deadline of 30 working days provided to the settlor Altara The Tucano to provide the resources to pay obligations owed to the trust, the administrator, Scotiabank announced the execution of the guaranty for non payment.
"The trust was created to issue bonds to finance the purchase of the Hotel El Tucano, located in San Carlos , Alajuela.
In various departments state officials are owed wages, and at the same time there is increasing pressure from others to be granted increases in their salaries.
Among the sectors that have been affected are employees in the Health department, the Honduran Telecommunications Company (Hondutel), the Public Ministry and the National Police.
For example, the Ministry of Health owes $3.5 million to 672 doctors on contracts nationwide, most have not been paid since January. Another nearly $5 million is owed to nurses and assistants in back wages and some shifts.
Properties belonging to 130 tourism businesses are at risk of foreclosure because they have not been able to make loan repayments.
On 16 August many small businesses could lose their properties due to non-payment of the loans they hold with financial institutions.
In order to prevent the auction of their properties, micro, small and medium enterprises (MSMEs) in the field of tourism met with the Minister of the Presidency, Carlos Ricardo Benavides and the chief of Tourism, Allan Flores.
Data for January 2013 shows that the arrears in loans in the three state banks in Costa Rica are close to the maximum allowable limit.
For the Banco de Costa Rica, the arrears indicator has reached 3.14%, exceeding the ceiling imposed by the Superintendent of Financial Institutions (Sugef), of 3%.
Nacion.com reports that "The delinquency indicator of the three state banks, together, came to 3.02% last month, up from the 3% allowed by Sugef.
A dozen medicine suppliers plan to close operations because of the considerable delays in payment for services by the government of El Salvador.
"At least 12 companies, including medium and small sized ones, are planning to close operations in the remainder of this year due to a lack of working capital because of the government defaults that are already half a year late.
The delays in payments by several government institutions to private providers amounts to six months, and it is unknown when those companies will receive their payments.
Among the companies affected by not having received payment for goods and services rendered to the State are those related to distributors of medicines, different types of raw materials, construction, and building leasing where some offices of the Police and the Attorney General, are located, among others.
Construction companies are threatening to paralyze public works due to the government´s default in the payment of nearly $ 52 million.
The Honduran Chamber of Construction is inviting its members to a meeting next week to discuss the situation.
"The debt comes from projects executed for the Social Investment Fund (FHIS), the Department of Public Works, Transportation and Housing (Soptravi) and the Road Fund, most of which already have been completed or are in their final stage," Elheraldo.hn reported.
The Superintendent of Financial Institutions of Costa Rica reported that the repossession of property for unpaid debts rose 77% from February 2008 to February 2009.
The increase in auction advertising for goods recovered by the banks is well-known, especially for real estate and cars whose owners cannot continue to make the monthly payments due to loss of income, unemployment and primarily because of the increase in interest rates.
The decrease in tax revenue, mainly from value added tax and customs tariffs, have prevented the timely payments of the State’s obligations.
The elimination of the electricity subsidy payments, which affects those who consume in excess of 99 kilowatts, was a decision that was forced upon the Salvadoran government by the decline in revenues in the face of the economic downturn affecting the country.