Financial deficiencies noted in development agency

The nation’s budget watchdog agency released a report critical of the southern zone development agency Thursday.

The watchdog is the Contraloría General de la República and the agency is the Junta Desarrollo Regional de la Zona Sur.

The Contraloría urged the agency to make more long-term investments to earn higher interest. It also said that the agency was way behind in collecting overdue debts from students who had received educational help. About 26 percent of the money loaned for education was in jeopardy of being uncollectible, the Contraloria said.

There also were some internal changes urged. The Junta Desarrollo Regional is the major development agency in that part of the country.

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