Panamanian President José Raúl Mulino announced the end of economic aid previously provided by the Institute for the Training and Utilization of Human Resources (Ifarhu). In his usual press conference, he sent a message to the people who benefited from those funds. "There are no more economic handouts or free money from the Panamanian people for you to go study," Mulino stated. He invited the debtors of that institution to take advantage of the moratorium and get up to date. It should be recalled that the former director of Ifarhu, Bernardo Meneses, is facing a legal process for alleged corruption related to the granting of economic aid. "I hope you studied and did not squander the resources of the Panamanian people in different capitals of the world," he expressed. Mulino confirmed that all the money collected will be invested in new scholarships for families with incomes of less than $1,500 per month and in new low-interest loans for those who can pay them back. Additionally, the head of state indicated that between June and October, $605,542 has been collected in overdue loans, with a total of 359 people having regularized their situation, 253 administratively and 106 through judicial processes. "There are still 34 days left to take advantage of the educational credit moratorium, an opportunity to get up to date with your commitments," he stated.
Panama's President Announces End to Student Economic Aid
Panama's President José Raúl Mulino announced the end of economic aid previously provided by the Ifarhu institute, urging debtors to settle their accounts and promising funds will be redirected to new scholarships and loans.
