$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


©image: Gaetan Lee

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

$17 Million for Guatemalan Coffee Growers

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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.

$71 Million for Guatemalan Coffee Growers

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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.

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El Salvador: $15 Million for Coffee Growers

July 2009

The Agriculture and Livestock Breeding Ministry (MAG) will make available $15 million in loans for coffee growers.

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