The Solis administration has restructured its debts in order to postpone for three years the payment of $842 million for domestic debt titles.
Although the government of Luis Guillermo Solís calls it "the best period in debt swaps in the history of the Ministry of Finance", the decision to redeem debt securities maturing between September 2016 and December 2017 for securities with maturities of more than three years, helps improve the maturity profile, but in reality it is "kicking down the line" a serious cash flow problem that needs to be resolved urgently.
The manufacturer of flexible packaging and films which has a presence in several countries in the region and in Colombia, has filed for an agreement of suspension of payments in Costa Rica in order to avoid going bankrupt.
An article in Nacion.com reports that the company spokesmen said that the intention "...
A proposal has been made to create a program within the Banking Development System to allow tourism enterprises to readjust their debts with banks.
If the bill introduced in Congress thrives, a group composed of representatives from the Costa Rican Institute of Tourism, the Banking Development System and the Ministry of Planning (Mideplan) would analyze each case and determine which companies could opt for restructuring.
With $300 million in funding from the BCIE payments will be made on domestic debt which is currently concentrated in the welfare institutes which will be able to invest in productive projects.
Welfare institutes of the public pensions administrators are creditors of 64% of domestic debt issued by the State and as the average term to maturity of this debt is 2.7 years, the government will seek to refinance at longer terms and with more favorable interest rates.
The relationship between public debt and production reached 44.7% in 2011, after three consecutive years of gains.
The relationship between public debt and production reached 44.7% in 2011, the third consecutive year to record an increase, according to a report by the Central Bank of Costa Rica issued in February, reported Nacion.com.
Management advisory firm that advises clients on issues in finance, strategy and governance, as well as on business development, raising capital.
Operates in El Salvador and Guatemala
Phone: (1) 2125450228
The International Merchant Marine Registry of Belize (IMMARBE) is under the Ministry of Finance, with its Head Office located in Belize City. The Registration of Merchant Ships Act, 1989 as amended in 1996 governs the merchant fleet.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (+501) 223 50 26
Training (on-line and in place) and consultancy in different areas such as food, safety, environmental, quality, laboratory methods. Environmental audits approval by Mexican government.
Operates in Costa Rica, Panama and Mexico
Phone: (5255) 56587889 - (5255) 24570386