The Ministry of Economy, Planning and Development and Trust Reserves signed the contract for the Administration Trust of the Territorial Cohesion Fund (Cohesionate Trust).
The contract was signed by the Minister of Economy, Miguel Ceara Hatton and the general manager of Fiduciaria Reservas, Andrés Vanderhorst Álvarez, in a ceremony in the Carlos Ascuasiati room of the institution.
The Vice Minister of Planning and Public Investment, Pavel Isa, said that more than 40 projects of the Territorial Cohesion Fund are programmed in 21 territories, especially in the most vulnerable areas such as the Border Line.
“As part of the Fund’s implementation process, we set up the Administration Trust with the same objectives of achieving a more expeditious execution of the projects,” said Isa.
He stated that the contract between both institutions allows to formalize and streamline the rules and procedures of the Territorial Cohesion Fund. Meanwhile, the general manager of Fiduciaria Reservas, Andrés Vanderhorst Álvarez, expressed on behalf of the Reserva Group the welcome of the Minister of Economy, Miguel Ceara Hatton and his work team.
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