The Bank of Guatemala has left the monetary policy rate unchanged, citing uncertainty and weakness in the international context, and expects growth of 4.9% in GDP in 2017.
In the domestic environment the Bank of Guatemala (Banguat) stressed that economic activity continues to record behavior consistent with the target range for 2016 (between 3.1% and 3.7%), which is reflected in the evolution of severaleconomic activity indicators (Monthly Index of economic activity, bank credit to the private sector in domestic currency, volume of imports and remittances, among other things).
In the international environment it was highlighted that the US maintains its strong labor market and its annual inflation is close to 1%.At the level of international prices it shows that the value of oil continues to increase, but remains at lower levels than previous years.
Guatemala´s handling of a serious political crisis through legal means and confidence in the incoming government has allowed it to close 2015 with stable growth of 4.1%.
The Bank of Guatemala reports that "... Economic activity continues to perform in a manner consistent with the range of annual economic growth forecast for 2015, which is reflected, among other indicators, in the evolution of the IMAE, remittances and bank loans to the private sector. Although inflation continues to be influenced by the fall in international prices of oil and its derivatives, to the extent that this effect fades, inflation will start to converge to the central value of the target. "
Report of Costa Rica´s performance, through the selection, measurement and evaluation of a set of variables that include social, economic, environmental and political aspects of development.
Overview of the State of the Nation Report 2015:
In the past five years, the State of the Nation has warned about the severity of the problems that threaten the sustainability of human development, the political system's inability to find answers and the need to correct the country's course. Therefore, in 2011 it was stated that behind the political and economic stability a wearing down of Costa Rica's historical progress could be detected. In 2012 the absence of solid progress was noted and in 2013, the existence of myths about the "country we are," which led to do the same actions being repeated with different results expected. Last year, the Twentieth Report stated that it was the end of an era and the political system was being called on to lead the transition with minimal confrontation and costs for the weaker groups.
Legal certainty, delays in the approval procedures and government debts are some of the concerns employers passed on to the Varela administration.
From a statement issued by the Chamber of Commerce, Industry and Agriculture (CCIAP):
Issues related to national and corporate events, which include economic growth and legal certainty, were some of the points raised during the meeting between entrepreneurs of the Board of the Chamber of Commerce, Industries and Agriculture of Panama headed by its President José Luis Ford, and the president of the Republic of Panama, Juan Carlos Varela Rodríguez.
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.
Increased borrowing costs, a disincentive to foreign investment and distrust of economic performance, are part of the expected scenario if public debt growth is not controlled.
Prensalibre.com reports that "... The draft budget for 2015 presented by the Ministry of Finance, amounting to $9.250 million (Q71 thousand 840.8 million), contemplates taking on new debt of about $2 billion (Q15 billion), of which $1.6 billion (Q12 thousand 334 million) came from bonds and loans. "
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
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