ANR approves G. 25 billion loan for municipal election campaign

The National Republican Association (ANR), also known as the Colorado Party, has unanimously approved a G. 25 billion (approximately $3.4 million USD) bank loan to finance its campaign for the upcoming municipal elections. The decision was made during a meeting of the party's governing board, chaired by Horacio Cartes.

The loan, along with an additional G. 5 billion (approximately $680,000 USD) in available cash, will provide a total of G. 30 billion (approximately $4.1 million USD) for the party's efforts to elect mayors and municipal council members across 263 districts. The elections are scheduled for October 4.

ANR Treasurer Tadeo Rojas confirmed the loan but did not disclose the specific bank involved. Senator Lilian Samaniego, a dissenting member of the ANR, supported the loan's approval but stressed the importance of equitable resource distribution among all Colorado Party candidates for mayoral and council positions.

This financial move comes as the ANR looks back at its spending in previous elections. In the 2023 general elections, the party spent over G. 33 billion, with institutional expenses accounting for G. 27.7 billion and candidate spending at G. 6.9 billion. The party's funding in 2023 included member donations, contributions, a G. 16.9 billion bank loan, and G. 9.1 billion from its own funds.