Macroeconomy/Finance

Government redistributes 2% of employer’s public and private contributions for housing.

The government authorized the transfer of Bs 500 million ($71.84 mn) from the collection of 2% of public and private employer contributions for housing to the Fogaviss Trust, to be administered by the Banco de Desarrollo Productivo (BDP), until July 31, 2020.

Source: El Deber