Central American Financial System Stable

The financial sector remains stable in spite of the economic crisis and a slight increase in credit card delinquency.

Thursday, August 27, 2009

For the end of 2009, delinquency of more than 90 days is expected to rise to 2.6% from 1.6%, said Victor Urcuyo, president of the Central American Council of Banking Superintendents.

The official also said that "... in credit cards, 30-day arrears increased 7.8%, while 90-day arrears 3.2%", reported Prensalibre.com.

More on this topic

New Law for Financial System in Guatemala

September 2016

Details of the draft law with which the Bank of Guatemala aims to improve regulation and supervision of the financial system.

From a statement issued by the Bank of Guatemala:

The bill submitted by the Monetary Board of the Executive Agency and by the President of the Republic to the Congress of the Republic on September 12 2016, introduces necessary reforms to Decree No. 19-2002, Law on Banks and Financial Groups, to modernize existing legislation and improve protection of depositors. The bill is based on the following aspects:   

$ 55 Million for Panama's Public Finances

March 2011

The World Bank will provide a loan in order to improve efficiency in Panama´s public sector.

The project aligns with Panama´s Government in the search for more efficient spending. The loan will result in more transparent daily operations based on performance and subject to accountability.

Salvadoran Financial System Recovers

February 2011

At the end of 2010, the industry began to show signs of recovery, according to the Superintendent of the Financial System (SSF).

Victor Antonio Ramírez, head of the SSF, said the conclusions come from analyzing key financial indicators at the end of the year.

In the case of loans, "compared to 2009, the financial system lent 2.74% less", stated the article in Laprensagrafica.com.

Nicaragua: $ 10 Million to Improve Financial Management

December 2010

The World Bank approved a technical assistance loan for the Plan of Modernization of Public Financial Management.

The project will be carried out with the support of the Inter-American Development Bank (IDB), the European Commission and the Kingdom of Netherlands, aiming at improving the accountability process.

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