A single processing desk will be opened for foreign trade in order to speed up control formalities for land carriers.
From a press release issued by the Executive Directorate of Revenue (DEI):
The Executive Directorate of Revenue (DEI), with the support of the Secretariat of the Presidency of the Republic of Honduras and the technical support of International Finance Corporation (IFC), a member of the World Bank (WB), will start running a Single Foreign Trade Desk (known as VUCEH by its initials in Spanish), to streamline controls for land carriers, reducing costs and contributing to trade facilitation.
The Guatemalan company Continental Towers will receive funding from the International Finance Corporation to build and maintain cell towers in Central America.
According to an article in Elperiodico.com.gt, "The IFC's investment includes a loan of $40 million and a syndicated loan of $80 million with Banco HSBC Panamá, Banco General de Panamá, the Dutch Entrepreneurial Development Bank (FMO) and the Inter American Corporation for Infrastructure Financing. "
The director for Mexico and Central America of the IFC, Roberto Albisetti warned that if Panama does not pass the next assessment they would have to suspend funding to Panamanian companies or holding companies established in the country, reported Prensa.com.
The homogenization of logistics processes in the isthmus under "a regional vision" would improve competitiveness and increase trade volumes.
Central America could improve its competitiveness and increase trade volumes with the unification of criteria for logistics processes under "a regional vision," said an expert from the International Finance Corporation (IFC).
International financial entities will increase the amount of finance available for private businesses and projects in Latin America
The International Finance Corporation (IFC), the World Bank, the Inter-American Development Bank (IDB) and the American Investment Corporation (IIC) have announced their willingness to increase resources for the financing of "eco-friendly projects, infrastructure, agribusiness and even educational projects," developed by private enterprise.
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