Post by account_disabled on Feb 27, 2024 7:45:28 GMT 1
With the terms in which progress has been made, it is no longer a useful law." The statement is attributed to the Minister of the Interior, Guillermo Francos, after it had to be postponed in which the article-by-article discussion of the omnibus law began. The legislative strike occurred before the discussion on the privatization of public companies. Under pressure from the opposition, the Executive differentiated between 37 entities that will be completely privatized and 3 subject to partial privatization. “ In principle it is bad news. «, analyzed Norberto Sosa , director of the IEB. “The market expected that the project would undergo modifications, but that it could be approved in Congress. It was not even ruled out that the Senate would modify it and that it would have to return to the Lower House,” said the specialist. When asked by this media, a deputy from the radical force, who is also an economist, limited himself to a brief response: “ I see it badly .” What will happen to the omnibus law from now on? According to the considerations of the Chamber of Deputies , when a project returns to the committee it must be treated from scratch.
This is determined by article 155 of the chamber's regulations: «A project that, after being sanctioned in general, or in general and partially in particular, returns to the Commission, after consideration by the Chamber again, will be submitted to the ordinary procedure as if he had not received any sanction. In this way, the omnibus bill It must be submitted for debate again in the respective committees on Constitutional Affairs, General Legislation and Budget Paraguay WhatsApp Number and Finance. Regarding where the first impact of this setback by the ruling party could be seen, Sosa estimated that in a “ buying pressure on the dollar ”, which this week “was calm”, after the success of the BOPREAL series 1 tenders, the bond that seeks the subscription of importers with commercial debt, in exchange for absorption of pesos. In his opinion, a “ selling pressure ” on sovereign bonds in dollars which “was showing an improvement”, since the parities are in the range of between 20% and 30%. The Personal Portfolio Investments technical team had highlighted on Monday that, locally, “ The focus will be on what happens item by item. ” after the general approval of the Legal Bases and Starting Points.
We know that the points linked to privatizations - where the ruling party has already made several concessions -, the delegated powers and the powers to assume the external debt will be the most complicated to approve," they warned. In turn, they had pointed out that " The pace of sovereign debt in dollars will continue to be greatly influenced by the local level and the particular debate on the omnibus law." For Salvador Vitelli, head of research at Grupo Romano , there could be tension in the CCL dollar , which collapsed more than $40 and broke a bullish streak of three consecutive increases. Its price fell 3.2% to $1,252.55 and moved away from the $1,300 level. For its part, the gap with the official exchange rate was 51%. For his part, Kevin Castillo, an economist, member of the Policy Observatory for the National Economy (OPEN), analyzed: “It is possible that going back to a clean slate has a negative impact given that the market can read that the Government does not have the possibility of getting into debt and, therefore, have greater difficulties in paying upcoming debt maturities.
This is determined by article 155 of the chamber's regulations: «A project that, after being sanctioned in general, or in general and partially in particular, returns to the Commission, after consideration by the Chamber again, will be submitted to the ordinary procedure as if he had not received any sanction. In this way, the omnibus bill It must be submitted for debate again in the respective committees on Constitutional Affairs, General Legislation and Budget Paraguay WhatsApp Number and Finance. Regarding where the first impact of this setback by the ruling party could be seen, Sosa estimated that in a “ buying pressure on the dollar ”, which this week “was calm”, after the success of the BOPREAL series 1 tenders, the bond that seeks the subscription of importers with commercial debt, in exchange for absorption of pesos. In his opinion, a “ selling pressure ” on sovereign bonds in dollars which “was showing an improvement”, since the parities are in the range of between 20% and 30%. The Personal Portfolio Investments technical team had highlighted on Monday that, locally, “ The focus will be on what happens item by item. ” after the general approval of the Legal Bases and Starting Points.
We know that the points linked to privatizations - where the ruling party has already made several concessions -, the delegated powers and the powers to assume the external debt will be the most complicated to approve," they warned. In turn, they had pointed out that " The pace of sovereign debt in dollars will continue to be greatly influenced by the local level and the particular debate on the omnibus law." For Salvador Vitelli, head of research at Grupo Romano , there could be tension in the CCL dollar , which collapsed more than $40 and broke a bullish streak of three consecutive increases. Its price fell 3.2% to $1,252.55 and moved away from the $1,300 level. For its part, the gap with the official exchange rate was 51%. For his part, Kevin Castillo, an economist, member of the Policy Observatory for the National Economy (OPEN), analyzed: “It is possible that going back to a clean slate has a negative impact given that the market can read that the Government does not have the possibility of getting into debt and, therefore, have greater difficulties in paying upcoming debt maturities.