The International Finance Corporation (IFC) also announced the impossibility of lending to Costa Rican companies, pointing to the same reason as cited by the EBRD.

From a statement issued by the Ministry of Finance:

The European Bank for Reconstruction and Development (EBRD) issued a communication in which it was reported that: "Under the EBRD's Direct Debit policy for customers the EBRD Board of Directors approved on December 17, 2013, that the EBRD will not be able to provide financing to a third jurisdiction where a rating of "partially fulfilled" or "not fulfilled" has been issued by the Global Forum. "It also reported that: "As a result, the EBRD will no longer be able to provide funding to projects involving an intermediary or a controlling entity established in Costa Rica after January 30, 2016 (emphasis in original ) unless the EBRD receives, by that date, a commitment from Costa Rica to correct the deficiencies identified in the report made by the Global Forum. "

More on this topic

Guatemala: Public Debt Exceeds 23% of GDP

October 2018

Up to August, the external and internal public debt amounted to $18.463 billion, equivalent to 23.4% of the country's Gross Domestic Product.

According to figures from the Ministry of Public Finance, in the last nine years the debt to GDP ratio has slightly varied, between 23.3% and 24.8%.

Panama - Mexico Tax Information Exchange

June 2017

Starting from 2018, authorities in both countries will be able to exchange information on financial accounts corresponding to 2017 for tax purposes.

From a statement issued by the Ministry of Economy and Finance in Guatemala:

Panama and Mexico today signed in Mexico City an Agreement between the Relevant Authorities for the exchange of financial information for tax purposes.

Interest Rates Rise Forecasted in Costa Rica

January 2016

An announcement from Moody's confirms the limited room for maneuver left to the country when obtaining external financing, compromising access to credit for the private sector.

Costa Rica has received a new warning over a possible lack of access to funds in the international market with which to alleviate its growing fiscal deficit.

IMF Grants $950 Million Credit Line to Guatemala

March 2009

The 16-month line of credit will strengthen the country’s international position and monetary reserves.

Gabriel Lopetegui of the IMF said that "it is a precautionary agreement that is not expected to be used, but it is there to serve as a shield for the country."

An article in elPeriódico of Guatemala indicated that the funds could be used to "address balance of payments issues such as capital flight, devaluation or a sharp drop in foreign exchange earnings."