The interest rate rise in the US and the perceived risk of the Salvadoran economy have taken their toll on foreign debt bonds, whose yields have risen by about 2% in recent weeks.
This increase in yield of debt securities traded on the international market will be reflected in the forthcoming issues made by the government, which, according to economic analyst Mauricio Choussy, "... 'will no longer be sold for seven percent or six point five, which was the levels achieved previously, but rather will go for a higher interest rate, at eight percent. '"
The tender documents for the construction of Line 2 of the Metro in Panama requests the companies to include project financing as an option.
Once bids have been submitted by the companies concerned, the Panama Metro Secretariat and the Ministry of Finance will evaluate the proposed financing conditions in each offer, looking for "the best possible interest rate".
The country pays 4% more than the United States for its debt bonds in the international market.
The cost to be borne by El Salvador for resources from abroad is widening due to the country's high level of indebtedness, the lack of investment grade and the complex economic and political situation.
The portfolio of loans granted through credit cards grew by 18% between November 2012 and November 2013.
Up until November 2013, the balance of active cards reached a total of $1.207 billion, while in the same period of 2012 it was $1.021 billion, representing an increase of 18% , according to statistics from the Superintendency of Banks of Panama (SBP).
The difference between nominal rates paid for loans in local currency and inflation is reaching levels not seen for the past 9 years.
Investors are happy with the situation, which means that their securities in colones are giving them good returns, but for entrepreneurs who need credit for their business or to develop new initiatives, concern is growing.
When changing the financing scheme to sovereign debt, BCIE suggested Guatemala to do its bidding process again.
The original public bid, won by its sole participant Solel Boneh FTN, stated that the winning company was responsible for obtaining financing for the project, which in this case was provided by the Central American Integration Bank (BCIE) to the company.
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