A CoronaVirus (COVID-19) resource for the Lake Chapala area

Jalisco opts for debt to face pandemic


The State Government initiates procedures to contract a credit for one billion pesos to cover "short-term needs"

To meet the costs of the coronavirus pandemic, the Government of Jalisco began a process that seeks to contract a credit for one billion pesos (MDP).

On March 24, the state finance ministry issued a call for financial institutions interested in providing the resource. The State plans to cover the debt in one year, after the financing is formalized, and requests a grace period of three months without installments. Then it would disburse nine monthly payments of just over 111 MDP.

The document, signed by Juan Partida, state secretary of the Treasury, states that the resources will be used to "cover short-term needs. Understanding these needs as temporary liquidity insufficiencies ”.

The ruling will be issued on Wednesday and the winning institution will be designated. The funds must be available immediately, so that, in a maximum of 60 days, the credit agreement is signed. In presenting his economic plan to deal with the effects of the pandemic, the governor ruled out a "long-term" debt, but left open the possibility of contracting a (short-term) unsecured credit to be paid during his administration.

In a radio interview, Juan Partida said that before the debt they analyzed using an 800 MDP bag of “savings”, but in February (before the crisis) one had already been contracted for 600 MDP for “lack of liquidity”.

Jalisco registers three fatalities due to coronavirus. Yesterday, the federal Ministry of Health confirmed 12 deaths in the country, which is why the entity contains a quarter of that total.

They go by sanction to company of rapid tests

The State Government is analyzing a route to sanction the foreign company that failed to provide evidence to detect probable coronavirus carriers. The governor assured that the legal areas are exploring the legal way to proceed against it and added that another supplier is being sought to guarantee quality tests.

Google translation from Informador.

Next Worldwide Headlines March 28, 2020

Lago de Chapala