The current government of the National Regeneration Movement (Morena) restructured a loan that was contracted by Governor Javier Duarte de Ochoa to remedy damage caused by meteorological phenomena; To consolidate the project to “improve” interest payments, an additional 34 million pesos were spent.
Information that is public on the page of the Ministry of Finance and Planning (Sefiplan) confirms that a credit from 2011 from the Financing Program Fund for the Reconstruction of Federal Entities (Fonrec) was restructured.
On that occasion, Duarte de Ochoa requested resources “in advance” through zero-coupon bonds, for the reconstruction of damage caused by the hurricane. Karlwhich impacted the entity in 2010.
Since September 2022, the restructuring process began; This year the new credit that was already registered with the Ministry of Finance and Public Credit (SHCP) was consolidated.
On September 7, 2011, under the Financing Program for the Reconstruction of Federal Entities (Fonrec), the State of Veracruz of Ignacio de la Llave entered into a simple credit opening contract with Banobras up to the amount of 1,717 million pesos, which affected 2.2 percent monthly of federal contributions as a source of payment. The credit was exercised for an amount of 1,714 million pesos.
Furthermore, on September 14, 2011, under the protection of Fonrec, the State entered into a simple credit opening contract with Banobras up to the amount of 3,039 million pesos, where 3.9 percent was assigned as a source of payment. monthly of federal participations. The credit was exercised for an amount of 3,032 million pesos.
During September 2011, under the protection of Fonrec, zero coupon bonds were acquired for the State with which the credits would be settled at maturity (only the principal amount) for up to the amount of the credits of more than 4 billion pesos.
To guarantee the payment of the restructuring of credits that was recently carried out, the government created a trust, through which a new loan of 4 million 750 thousand pesos was contracted.
Sefiplan hired a third party to renegotiate
The agency paid almost 30 million pesos to a private firm to carry out all the procedures for the restructuring of the debt that Javier Duarte de Ochoa contracted.
To renegotiate the debt, the firm Orozco Waters Abogados SC was hired; According to the contract, the payment of 24 million 779 thousand 537 pesos was agreed as fees for carrying out the procedures, providing advice and concluding the processes of the new line of credit contracted.
To that amount must be added the value added tax (VAT) of 16 percent, which totals almost 30 million pesos.
2023-09-18 17:07:35
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