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Thursday 27 November 2008, San José, Costa Rica 

Panama Canal, Miami Port Ratify Strategic Alliance
Nicaragua Condemns Anti-Election Move
Colombian Parliamentary Commission Rules Out Immediate Third Term For President
Colombia Tries to Palliate Crisis
Brazil Increases Jail Time For Pedophilia

 
Colombia Tries to Palliate Crisis
Bogota - Colombia has adopted a package of measures to alleviate the serious crisis caused by the bankruptcy of illegal money-sensor companies in Putumayo, Nariño, Cauca and Huila departments, this South American country's government announced.

The measures were agreed Tuesday night after a long meeting among President Alvaro Uribe, authorities and representatives of communities in those poor southern Colombian states.

The measures include bank credits, with special regulations to facilitate acces to low-cost financial services to the poorest sectors of the population, and provision of more resources to programs to support those displaced.

Credits will be also granted to university students and those of technical specialities, to facilitate access and continuity of studies, and the Agriculture Ministry will increase credit granting and technical advisory to producers.

These measures seek to counteract the crisis caused in those territories by the bankruptcy of closure of pyramids, something that has led thousands of families into ruin.

However, in statements after the meeting, Uribe warned that the government can not assume the responsibility of returning the money the savers lost, using the public budget.

He reiterated that promoters or administrators of pyramids that were willing to give back the money defrauded from investors would have guarantees.

The crisis caused by the pyramid scandal has affected especially in Putumayo department, which is practically stopped by permanent protests in most of its towns and cities.

In Mocca, the capital of that region, the closure of businesses and schools and strikes in the transportation sector are almost total, while several populations have reported lack of basic products.
 
 

 

 

 
 

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