High debt and slow economic growth continue, although only slightly higher than in 2014, due to the fall in oil prices.
From a statement issued by the Salvadoran Foundation for Development (FUSADES):
The third quarter of 2015 continued to show slow growth, but slightly higher than in 2014, due to the fall in oil prices. Low growth translates into few jobs, which together with the increases in food prices, adversely affects poverty.
The organization states that the country has advanced in the process of economic stabilization and has exceeded the quantitative targets set for December 2014, also meeting the benchmarks set for March 2015.
From a press release issued by the International Monetary Fund (IMF):
An International Monetary Fund (IMF) mission, led by Mr. Lisandro Ábrego, visited Tegucigalpa during March 9-17 to conduct the first review of Honduras’ Fund-supported program, approved on December 3, 2014. At the conclusion of the visit, Mr. Ábrego issued the following statement in Tegucigalpa today:
For this year the Central Bank of Honduras has projected economic growth of between 3% and 3.5% and inflation of between 4.5% and 6.5%.
From a statement issued by Banco Central de Honduras:
The Board of the Central Bank of Honduras (BCH) has approved the Monetary Programme (FP) for 2015-2016, which contains policy measures to be adopted based on projections of key macroeconomic variables under the national and international current economic context.
Activities linked to the external sectors such as ports, air transport, financial, tourism, Canal services, and banana, melon and watermelon exports were the most dynamic.
From a report issued by the National Institute of Statistics and Census (INEC):
The National Institute of Statistics and Census (INEC) has estimated figures for Gross Domestic Product (GDP) at current prices and the total measurement at 2007 prices, by economic activity for the year 2014.
In 2014 the performance of most economic indicators was worse than that of 2013, with continued deterioration in public finances.
From a statement by the Salvadoran Foundation for Economic and Social Development (FUSADES):
In 2014 the performance of most economic indicators was lower than that of 2013, when growth was 1.7%; public finances continue to deteriorate, with a balance of the NFPS debt being 60.3% of GDP at the end of 2014.
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467
Web portal on business in Central America. News, analysis, business opportunities, economic indicators, press releases, events calendar and training activities.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2225-4786 - (506) 2258-2314
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400