The government announced that in the next few days it plans to make outstanding payments of $14 million to producers of basic grains and Grade C milk, and also that some $25 million will be invested in sector programs.

In rice, $9.7 million will be disbursed to 143 producers, in grade C milk more than 2,000 producers will receive $1.2 million, in corn some 194 producers will receive $1.8 million, and in soft loans 2.6 million balboas will be paid to 136 producers of corn, beans, palm, fishing, watermelon, melon and rice, informed the Ministry of Agricultural Development.

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In the Agricultural Transformation Program, Law 25 will deliver $5.2 million, from the Incentive Program to National production of grains and other agricultural items Law 107, will deliver $5.7 million balboas, and trust will be $13.5 million.

The official statement explains that “… According to Margaliza Velasco, Chief of the Office of Management of Support and Compensation to the Agricultural Sector of the Ministry of Agricultural Development (MIDA), will be disbursed to all files that have already complied with the entire process of submission of forms and endorsements with the Comptroller’s Office. This payment will be made thanks to the management of the President of the Republic, Laurentino Cortizo Cohen, after the issuance of 2 billion balboas in Panamanian State bonds, an agreement reached with Citibank, during the recent working tour to New York, United States.”