Central America asks BCIE for backing for Central and Private Banks

The region made a petition to the Central American Bank for Economic Integration that could reach $2 billion, that is $400 for each one of the five countries in SICA.

Monday, October 6, 2008


©image:

Central America is seeking its own financial rescue plan. After analyzing the possible effects of the financial crisis in the United States on the region, the Heads of State of the Central American Integration System (SICA) asked the BCIE "to consider the possibility of extending lines of credit for up to $200 million for the Central Banks" in the region.
The presidents
also agreed in the special declaration to expand their commercial niche to countries in the South, the Caribbean and Asia. This is in addition to "defending and strengthening" inter-Central American trade, which was at $5.3 billion last year.

More on this topic

Plan Puebla Panama and Integration to be discussed at presidential meetings

June 2008

The presidents of the region have back-to-back meetings today in El Salvador and tomorrow in Mexico, to discuss regional integration and the re-starting of the Plan Puebla Panama.

Presidents from Central America, Mexico and Colombia will meet Saturday in the Mexican city of Villahermosa, where the theme will be Plan Puebla Panama.

Presidential Approval Ranking

April 2009

In Central America, Antonio Saca is first (66%), followed by Oscar Arias (49%), Martín Torrijos (48%), Álvaro Colom (45%), Daniel Ortega (38%), Manuel Zelaya (25%).

A ranking by Consulta Mitofsky compares the approval ratings of 18 presidents of the Americas, led by Brazilian President Luiz Inácio Lula da Silva with a 70% approval rating, followed by Alvaro Uribe of Colombia (69%), and Felipe Calderón of Mexico (68%).

Presidents of the Region to meet with Joe Biden

March 2009

The vice president of the United States will meet with isthmus leaders during his visit to Costa Rica on March 29 and 30.

The Costa Rican president, Oscar Arias, summoned his counterparts from El Salvador, Guatemala, Honduras, Nicaragua and Panama. He announced that he will also invite the prime minister of Belize and the winner of next Sunday’s presidential elections in El Salvador.

Single currency for Central America to be analyzed

December 2008

The SICA summit ended with a declaration that includes a dozen measures that they are seeking to implement in order to deal with the global financial crisis.

DECLARATION
The session ended with the reading of the "Declaration of San Pedro Sula", which sets out the resolutions that the leaders of the region plan to carry out immediately and in the future, within the framework of a series of meetings that SICA will continue to hold next year. The document, which was read by Foreign Affairs Minister, Edmundo Orellana, highlights the integration project called Esquipulas III, the purpose of which is the creation of a Central American Constitution.

 close (x)

Receive more news about Central America Integration

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Stock Indexes

(Dec 8)
Dow Jones
0.33%
S&P 500
0.22%
Nasdaq
0.44%

Commodities

(Dec 9)
Brent Crude Oil
54.5
Coffee "C"
141.40
Gold
1,168
Silver
16.970