World Bank, IDB, CAF: Now Everyone Knocks on Their Doors

In good times, multilateral lending agencies do not have too many customers. In times of crisis, everyone needs them.

Monday, April 13, 2009

To continue to grow and not stagnate, Latin America needs foreign investment in an amount ranging from 5% to 6% of the GDP in the region. It is $200 billion, a figure too large for the current scope of these credit institutions.

Rodrigo Lara Serrano pointed out in his article published in that "multilateral bankers are going through times of plenty. ‘Everyone is knocking on the door and asking for money,’ said a source who asked to remain anonymous. Normally entities must search for good projects. 'Now we choose the projects, although this is delicate: How do you compare things when everyone says that their needs are of vital importance?'"

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El Salvador: Record Debt Levels

December 2011

As of September 2011, Salvadoran government debt hit a new record, surpassing that of 1990, when it came to represent 50% of GDP.

From 1990 to 1998 the ratio of public debt to gross domestic product (GDP) decreased to 27%. Since then the ratio began to grow steadily and in 2009 it was once again 50%. Now. the ratio is 51.7%.

El Salvador Receives an Additional $250 million

July 2009

These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period.

$150 Million for Panama

July 2009

The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.

"Panama is an important partner. We reiterate our support to its government's agenda and our commitment to analyze cooperation opportunities in the future" said Pamela Cox, World Bank Vice President for Latin America and the Caribbean, who met with Panamanian president Ricardo Martinelli and his Economy and Finance Minister, Alberto Vallarino.

Costa Rica: GDP Up 4% in II quarter 2016

October 2016

Domestic demand was again the main driver of the interannual increase of 4.1% in GDP for the second quarter of 2016.

From a statement issued by the Central Bank of Costa Rica:

The results of the second quarter of 2016 show that domestic production, measured by the trend series cycle for gross domestic product (GDP), recorded a variation of 4.1% and 4.5% annualized (ie, compared to Ist quarter of 2016). This result was mainly due to strong domestic demand, with final consumption of households being the determining factor and, to a lesser extent, evolution of external demand also contributed. Among other products, exports of medical equipment were highlighted.

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