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.
Source: sigloxxi.com
More on this topic
May 2009
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.
June 2010
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.
December 2009
Guatemalan businessmen complain for what they consider high fees for X-Ray container revision at Port Quetzal.
Cacif, a private association of agricultural, commerce, industry and financial chambers sent a letter to the Executive, requesting the suspension of the contract with company Desarrollos Circe, until the economic implications of the revision fees are analyzed.
July 2009
The Agriculture and Livestock Breeding Ministry (MAG) will make available $15 million in loans for coffee growers.
Manuel Sevilla, head of the ministry, stated that this amount will be available in the first 100 days of the current administration, and it could increase 50% to 75% in six months. This period is the first phase of the Anti Crisis Plan.