Honduras curbs vehicle imports in bid to save energy

President Manuel Zelaya of Honduras announced measures to combat the increase in world oil prices. They include restrictions on vehicle imports.

Tuesday, May 27, 2008

Zelaya told business and labor leaders that the measures were needed in order to save energy and encourage production.
Imports of used vehicles and gas-guzzling new ones are to be restricted. Illuminated signs are to be cut off during electricity peaks, only power-saving light bulbs are to be used, and a mass propaganda campaign is to be launched to persuade the population of the need to conserve energy.



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Costa Rica: Increase in Credit for Consumers and Services

July 2013

Despite the restriction by the central banking system which has caused a general credit contraction, consumer loans have grown by 22%.

According to data from the Superintendent of Financial Institutions (Sugef), these activities are maintaining an upward trend, despite a slowdown in the national economy.

28% Increase in Consumer Credit in Guatemala

October 2011

The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.

According to the Superintendency of Banks (SIB), these types of loans currently represent 26% of the entire banking portfolio.

The corporate manager of strategic planning at the Workers Bank, Mauricio Alvarez, said that consumer credit is one of the most attractive for banks.

Credicomer and La Curacao Alliance

July 2011

Salvadoran clients of La Curacao will benefit from improved conditions in loans from the financial institution.

The economic growth experienced in El Salvador has seen a significant increase in loans for various economic activities.

The Salvadoran savings and loan company Credicomer, has benefited from this situation, increasing its loan portfolio by over 100% last year.

Limit on Interest Rates for Consumer Loans

March 2015

In Guatemala a bill has been presented which aims to regulate interest rates charged by banks and other financial institutions in the consumer lending category.

From a statement issued by the Congress of Guatemala:

Ronald Arango, Independent Member of the group Todos, today introduced a legislative Management Initiative Act to Sanction Usury and Regulate Interest Rates for Consumer Loans aimed at protecting Guatemalan citizens from abuse by some financial systems, banks and groups dedicated to giving consumers loans with high interest rates.

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