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No Oversight for Municipal Ventures

The law that created them did not establish any external methods to supervise them

28 de febrero de 2017 - 9:29 AM

Archival note
This content was published more than 7 years ago.
There are 47 municipal ventures in the State Department Registry of Corporations, distributed among 20 municipalities. Most of these were registered in or after 2015. (GFR Media)
There are 47 municipal ventures in the State Department Registry of Corporations, distributed among 20 municipalities. Most of these were registered in or after 2015. (GFR Media)

Although the municipal venture model has experienced some significant growth in the last three years and is now seen as the prototype for city councils to have alternative sources of income, there are no mechanisms requiring them to disclose their financial statements or efficient tools to oversee them.

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