|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Ecuador (Click here for more)

Correa Seeks to “Democratize Property” with Sale of Ex-Bankers’ Land

QUITO – Ecuadorian President Rafael Correa said on Saturday that his administration plans to “democratize property,” a mission that will begin with a pilot plan selling peasants five of the ranches that were seized from ex-bankers.

In his weekly report about work in progress, he said that the program for the comprehensive development of state-owned lands will begin with a pilot plan involving five properties currently in the hands of the Deposit Guarantee Agency, or AGD, which were confiscated from the ex-bankers responsible for the 1999 financial crisis.

Correa said that the plan will continue with other properties in the hands of other state institutions.

“We want to democratize property and help the have-nots have access to property. The program seeks to pass those lands to peasant organizations and give them training, technical assistance, housing programs and schools,” he said.

He said that these farmlands are not being given away to peasants: “We’re not giving them away, we’re selling them with credit facilities through the state bank.”

Without specifying amounts, he recalled that in 2010 a tax will be imposed on non-productive lands, adding that “having huge extensions of property as big landowners and not using them is going to be the worst deal in the world, because they’ll have to pay for those idle lands.”
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved