Continued Obstacles at the Development Bank

©image: Andrew Magill

The guidelines that regulate the Development Bank System contain inconsistencies that have impeded the allocation of a good part of the abundant financial resources available. Because of this, the Advisory Council will send a reform proposal to the Legislative Assembly.

Reform of interest rate levels and the conditions of loans are among the most needed modifications.

Maria Siu Lanzas writes in her article for Prensalibre.com that “although the reforms to the Development Bank law were expected to be submitted to Congress this week, it’s clear that the initiative does not actually exist, according to sources close to the Advisory Council. At this time, they are still studying suggestions from the banking sector and some members of the Advisory Council are against making changes to the law without considering all the indications.”

Source: prensalibre.com

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