Guatemalan agriculture has risk of job loss in 2009

The agriculture sector foresee difficulties to operate in 2009, and speaks of firing up to 250 thousand people due to the financial crisis.

Wednesday, November 5, 2008

The president of the Chamber of Agriculture (Camagro), Carlos Zuniga, explained that the main factor for the firings will be the impact of the crisis that is affecting the US.

According to Zuniga, the problems in the sector may increase due to the difficulty to get lines of credit that help to finance harvesting, as well as the rise in interest rates.

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El Salvador: Less Private Employment

May 2017

The business sector claims that the adverse environment for doing business in the country is the reason for the loss of almost 12 thousand jobs between December 2016 and January this year.

From a statement issued by CIFACIL:

On April 26, the Trade Facilitation Commission (CIFACIL), which groups together seven productive labor unions from El Salvador, submitted to the Legislative Assembly's Board of Directors the report  "El Salvador Competitiveness and Employment Status Report", fulfilling with a request to provide a report on the problems that are affecting the business climate which in turn affects decisions to withdraw on the part of investors and the effect of this on employment.

Nicaragua: $50 Million Deficit in Agricultural Financing

March 2009

The Nicaraguan agricultural sector faces a funding shortfall of $50 million for the current production cycle.

The Minister of Agriculture and Forestry, Ariel Bucardo, in an interview with La Prensa of Nicaragua, said that the total funding required for the three agricultural cycles is $400 million, and added that "we still do not know how much funding is available."

ILO expects more unemployment in the region

January 2009

According to the latest report from the International Labour Organisation (ILO) less jobs will be created in 2009 due to the economic crisis.

Elnuevodiario.com.ni reports: "With growth forecasts of between 2% and 3% compared to the 5% average for the last five years, "the generation of jobs will be not be enough to meet the demand for labor and, hence, the levels of unemployment will probably increase" in the region, according to the Labor Panorama 2008 report".

Government of Nicaragua obtains financing for Agriculture

January 2009

The ministry, Ariel Bucardo, reported that the Government has obtained more than $100 million to finance agricultural production for the 2009-2010 cycle.

LaPrensa.com.ni reports: "Bucardo acknowledged that with this fund "they cannot meet the demand from the sector: and that is why they hope that this year the National Assembly will expedite the approval of the board of directors of the Produzcamos Bank in order to "seek more resources."

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