This Friday within the Encuentro con Julio Villagrán program, a debate came regarding with the economist Julia Evelyn Martínez and the journalist Leonel Herrera, the place they talked regarding the difficulty of COSAVI and the donations of as much as $60,000 {dollars} that it made to the Nuevas Concepts occasion in 2020. As well as, the cooperative supplied loans to mayors ruled by this similar political occasion.
“COSAVI is just not solely an vital donor to the Nuevas Concepts occasion however has additionally granted the mayors’ workplaces, primarily these of NI, a credit score within the quantity of 21 million… it has been a sponsor of the patron saint festivities of the Nuevas Concepts mayors’ workplaces, it has donated autos to mayors of NI and have introduced all these worldwide artists” the economist highlighted.
On one other matter, it was highlighted that the federal government continues to take extra money from the pension fund, and that if it continues on the similar charge they might run out of assets.
“In line with knowledge from the Central Reserve Financial institution, solely between April 2023 and February 2024 did the federal government take nearly $1.4 billion from the pension fund. If this continues, we might run out of pension funds in some unspecified time in the future.” the journalist stated
For Herrera, the best proof of Bukele’s pursuits with the Salvadoran oligarchy is expressed within the regressive tax scheme that’s maintained within the nation, the identical one which the ARENA occasion utilized in its governments. I additionally consider that if the federal government doesn’t pay its debt with banks, can generate an absence of liquidity within the banking system.
“The federal government has been forcing banks to purchase increasingly more of the well-known short-term debt, letes and cetes, which suggests treasury payments and treasury certificates… If the banks proceed lending cash to the federal government and the federal government is just not punctually complying with funds can generate an absence of liquidity within the banking system.” commented Herrera.
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