He executive body and representatives of entities related to the housing sector met in order to standardize the criteria for creating a new one Law on preferential interest.
What is required is to implement Law 3 of 1985modified by Law 94 of 2019 which was terminated in December 2022.
They participated in this meeting Minister of Housing and Territorial Planning, Rogelio Paredes; Minister Adviser for Encouraging Private Investment, José Rojas Pardini; the president of the National Council of Housing Promoters (Convivienda), Gabriel Diez and for the Panamanian Construction Chamber (Capac), Antonio Docabo.
Paredes said that this meeting continues the meeting recently held by the President of the Republic. Laurentino Cortizowith members of the board of directors of Capac and Convivienda, where a working group for the new drafting of the Law was established.
“Today we had a very productive meeting and we hope that soon we will have results that we can present to the executive power, in order to re-implement the law that benefits that segment of the middle class, which remained unprotected,” said Minister Zidovi.
He explained that for the implementation of these new files it is necessary to consult with Ministry of Economy and Finance (MPEG) and different unions, because it is necessary to carry out all possible consultations in order for the new Act to achieve its goal.
He noted that the good news is that President Cortizo was aware of the benefits of the law and wants to explore the possibility of an extension once again.
It should be mentioned that Cortizo partially vetoed the bill proposing the extension of preferential interest rates for the purchase of apartments.
The main reason is that there was no necessary consultation from the parties National Assembly with executive body.
On the other hand, there were also some obligations State budgetand according to the Constitution, the law should not threaten this budget.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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