Mining companies and spanish citizens are suing the Panamanian State arguing arbitrary and discriminatory measures imposed by the Martinelli Administration are detrimental to their investments.
The companies Petaquilla Gold, Petaquilla Minerals LTD, and Corporación de Recursos Iberia, S.A. are sueing the Panamanian government for $2.3 billion at the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank for direct damages against the company in Panama and its shareholders, reported Laestrella.com.pa.
The World Bank will provide the Costa Rican Social Security Department with a loan to implement digital systems and financial management.
From a statement issued by the World Bank:
WASHINGTON, March 15, 2016 - The Executive Directors of the World Bank (WB) has approved a loan of $420 million in support of the Strategic Agenda for Strengthening Health Insurance of the Costa Rican Social Security Department (CCSS), with the aim of improving the availability and quality of health care and strengthening institutional efficiency.
The Inter-American Development Bank has warned that it will make conditional a loan of $419 million for the 2016 on restructuring of the Tax Administration and adoption of anti-corruption measures.
The loans granted by institutions such as the Inter-American Development Bank (IDB) and the World Bank to Guatemala are in danger if key transparency aspects relating to the functioning of the Superintendency of Tax Administration (SAT) are not restructured, as well as the Law on Procurement and Contracting State.
The government is negotiating with the World Bank to obtain financing for the construction of new hospitals in Golfito, Turrialba and Cartago.
A World Bank (WB) mission will be visiting the country next week to negotiate technical aspects of the financing, however, because it is public debt, the loan must be approved by the Legislature. It is expected that between July and August the bill will be sent for discussion and approval.
The Attorney General Prosecutor's Office has announced that the government and the Italian company Enel Green Power have reached an agreement to end the conflict over the ownership structure of LaGeo.
From a statement issued by the Attorney General of the Republic of El Salvador (FGR):
Washington, DC The State of El Salvador and the Italian company ENEL Green Power have reached a framework agreement with a comprehensive solution to the existing dispute over the ownership structure of the company LAGEO SA de CV.
Between 2010 and 2014 internet access in households in the metropolitan urban area in the country increased from 18.3% to 27%.
In 2010, it was reported that in rural areas of Guatemala only 1.4% of households had internet access, a figure that hasn't changed to date. Nationally, 12.8% of the population has access to the internet.
The manager of the National Institute of Statistics, Ruben Narciso, told Estrategiaynegocios.net that "...
Costa Rica is the one of the best examples of what happens when obstacles like the coming and going between state paternalism and trade affect the social and economic development.
While receiving an award from the National Association for Economic Development for Freedom (ANFE) 2014, Juan Carlos Hidalgo gave a stark analysis of the Costa Rican situation, which highlights the apparent contradictions between sustained economic growth and the painful reality of growing poverty.
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