$19 Million Coffee Trust Without Execution

Guatemalan Public Finances stated that the Ministry of Livestock has not implemented these funds to provide loans to coffee growers.

Tuesday, May 19, 2009

The $100 million Financial Support Trust from the placement of treasury bonds for coffee sector producers was created after the coffee crisis in 2001.

Jessica Gramajo wrote in an article Sigloxxi.com: "In 2006, the budget allocation for the Trust was $4 million (36Q million), which was debited in its totality through modifications, and nothing was implemented, according to data from Finances. The same thing happened in 2007 and 2008, but the amount allocated was $7 million (Q60 million) each year. The information provided by the Treasury portfolio indicated that "there is no budget assignation" for the current fiscal year.

More on this topic

Costa Rica: $40 million for Coffee producers  

February 2014

Months after its legislative approval, the Coffee Trust is to receive funds to support the sector affected by rust.

Last Friday the Comptroller General of the Republic ratified a contract for the Coffee Trust. For months several administrative obstacles had delayed approval of the trust which will be used to provide support to producers affected by the coffee rust fungus.

Costa Rica: Coffee Trust Still Waiting For Approval

January 2014

A year after the declaration of a state of emergency by the government because of the rust blight, 25,000 farmers are still waiting for the bureaucracy to enable the operation of a $40 million trust fund.

The money has already been deposited in an account with the Ministry of Agriculture and Livestock (MAG), but the Comptroller General of the Republic must endorse the trust no later than January 17th.

$71 Million for Guatemalan Coffee Growers

June 2010

A number of coffee associations have reacted to the sector’s losses by requesting the activation of a $71 million Coffee Trust.

The National Coffee Association (Anacafé) agrees with the Federation of Coffee Cooperatives (Fedecocagua) that this is the optimal time for the government to activate this trust, after the eruption of Pacaya Volcano and Agatha tropical storm damaged plantations.

$17 Million for Guatemalan Coffee Growers

May 2009

The Financial Assistance Trust for the coffee sector will be restructured, focusing the funds on small and medium producers.

The $100 million “Financial Support for Guatemalan Coffee Producers” Trust, established during the 2001 coffee crisis, will be modified to provide $17 million for small and medium producers.

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