Treatment of the bill for IMF credit of $327 mn is postponed

The Planning, Economic Policy and Finance Commission of the Chamber of Deputies postponed without date the treatment of the International Monetary Fund (IMF) credit project for $US 327 million, requested by the Government because the Ministry of Economy and Public Finance did not deliver the informative documentation of the conditions and clauses that would establish the loan of the international organism.

Chamber of Deputies approves law restoring 12% of HDT funds to territorial entities

Funds will be made available for infrastructure, rapid testing and equipment to combat the coronavirus in the country. The Legislative Assembly informed there is an accumulated amount of $500 million that will go for the exploration and exploitation of hydrocarbons. The intention is to temporarily give 12% of that amount to the autonomous territorial entities and universities so that they can use the money to fight the Covid-19.