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The strategy put in place by the Ministry of Finance (MH) will cover the budget gap for US$498 million by 2022 and the bonds maturing in 2023 for US$800 million, plus the corresponding securities with the public treasury.
"There is no problem with the fiscal gap for this year: we will get the US$498 million. In our five fiscal scenarios there is no obligation that is not covered", said the head of the MH, Alejandro Zelaya.
The scenarios to which the official refers consider all the situations that may occur and that will affect the payment of debts, but in each case, the State ends up canceling all of them on time.
For that, there is a set of options to raise funds under favorable conditions, such as multilateral ones. Minister Zelaya mentioned, for example, the Development Bank of Latin America, the European Investment Bank or the Inter-American Development Bank. Soon there will be meetings with representatives of these organizations.
The agreement with the International Monetary Fund is only one of the options, but not the only one. "I have been very clear with everyone: the International Monetary Fund has not been sought for a money issue, but because we want to have a cordial relationship with the entire Western Hemisphere", said the Minister.
Opposition spokesmen insist that the operation with the Monetary Fund is indispensable. "For some, the fiscal situation in the country depends on it (the agreement) and that is not true", said the Minister of Finance.
The Central Government's management has brought notable improvements in the use of public resources, because now they are oriented towards the needs of the population and for long-term development. This was proven before the pandemic, since the Government was able to start with the Territorial Control Plan in spite of political opposition. Then, with the advent of COVID-19 and the high price crisis, the authorities have protected the welfare of households while continuing to invest in the future.
"We will continue to seek new strategies for the country. We have already done so and we have demonstrated the resilience we had during the recent economic crisis and we will continue to demonstrate it in the remainder of the administration", said the Minister of Finance.