$290 million for Guatemalan banks

The Monetary Board extended the term of the money table for domestic banks up to May 31.

Friday, January 23, 2009

Prensalibre.com reports: "The measure allows banks to get funds via repurchase agreements that were authorized on 1 November 2008 and which would have expired on 31 January 2009.

The option of opening a window to provide liquidity in dollars came from the decision of the correspondent banks to cut or reduce lines of credit to local banks."

More on this topic

Guatemalan banks request extension of money table

January 2009

The banking sector requested that the term for the temporary measure of providing liquidity in US dollars via repo transactions be extended.

Sigloxxi.com reports that "Jose Angel Lopez Camposeco, president of the Banking Association of Guatemala (ABG) and the Rural Development Bank (Banrural), commented that the measure worked, "because it is an instrument which gave signals that in case of any need for or suspension of credit, we have resources available."

$450 million for Guatemala banks

November 2008

Monetary authorities are pushing more actions to provide liquidity to the banking system.

A total of $450 million (Q3,460 million) will flow into the economy during the next few days, as result of the explication of measures to provide the banking system with liquidity.

Honduras: Historical Growth for Banking Liquidity

August 2009

Between January and July 2009, the liquidity of Honduran Banks grew 242%, from $1.05 billion to $2.45 billion.

60% of available funds are in Lempiras, the national currency, while the remaining 40% are in dollars.

Such growth was a result of monetary policies by the Central Bank of Honduras, who increased the amount of money in the economy by removing some obligatory investments on deposits, and reducing and eliminating reserve requirements.

Panama adopts temporary measures in response to the financial crisis

November 2008

Responding to the international financial situation the Panamanian Bank Superintendent's Office has decided to adopt temporary measures.

According to Resolution 8-October 31, 2008; at the request of a bank, the Superintendent's Office may approve a resolution to the effect that obligations issued by the Panamanian government, US Treasury bonds and notes and Latin American government debt within its investment portfolio be transferred from the category of securities available for sale to the category of term securities.

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