Yesterday, the Legislative Assembly approved three new debts to the executive body, which together add up to $535 million.
The approved loans and corresponding amounts correspond to: $400 million for a contingent loan for natural disaster and public health emergencies, $85 million for the social digital connectivity program, and $50 million for a social housing financing program. The three loans will be signed with the Inter-American Development Bank (IDB).
In the case of the second loan —the one for $85 million—, the IDB will put $50 million into it, and the remaining $30 million will come from the Korea Co-financing Facility for Infrastructure Development for Latin America.
The $400 million loan was approved with the votes of the ruling party plus those of Vamos and Nuestro Tiempo, who valued its contingent nature; that is, not an immediate disbursement but only for emergencies.
Then, in the case of digital connectivity and housing loans, these were only supported by Nuevas Ideas and allied parties. The opposition fractions used arguments related to the lack of transparency of the executive body.
“We continue to believe that there is little clarity regarding the fiscal situation of the country and there has been little transparency in the use of funds acquired by loans in the past by this government,” said Johnny Wright Sol (Our Time). Meanwhile, Guillermo Gallegos (GANA) indicated: “The digital connectivity, it is intended to have the country in all areas, mainly the coast and the north, to promote connectivity.”
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