Promerica Group has proposed to the concessionaire of the project HKND the opening up of bank branches along the Canal and the provision of other financial services during the execution of the work.
The Production Bank, Banpro, is looking to develop a service plan appropriate to the measures and requirements of HKND Group, which would include executive support, differentiated tariffs and especially the installation of branches along the Grand Canal.
The state run electricity companies have signed a cooperation agreement to develop joint research activities and establish a legal framework for the future exchange of energy in the regional electricity market.
Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL) of El Salvador, which has an installed capacity of 472 megawatts, and the Instituto Nacional de Electrificación (INDE) of Guatemala were responsible for signing this agreement which will facilitate energy trade.
On June 27, business leaders from the region will present their proposals to the presidents for improving and eliminating barriers to intraregional trade.
In the meeting with the presidents from the region scheduled for June 27 in the Dominican Republic, guilds that make up the Federation of Private Entities of Central America, Panama and the Dominican Republic (FEDEPRICAP), will describe once again the obstacles that currently limit the competitiveness of Central American companies.
The Union of Central American Bi-National Chambers of Commerce, Industry and Mexican Investment has been formally established.
Ucabicimex is "formed by the Chamber of Industry and Commerce of Costa Rica - Mexico (Cicomex), the Salvadoran - Mexican Trade (Chamber Casalmex), the Guatemalan - Mexican Chamber of Commerce and Industry (CAMEX), the Honduras - Mexico Enterprise Chamber ( CEHM), the Mexico - Costa Rica Enterprise Chamber (Camexcr), the Mexico - El Salvador Enterprise Chamber (Camexsal), the Mexico - Nicaraguan Enterprise Chamber (Camenic) and the Mexico - Panama Chamber of Commerce (Camexpa) ", reported Nacion.com.
There are too many entities in the field of integration and they do not seem to be working with the speed they should.
The President of FECAMCO (Federation of Chambers of Commerce of Central America), Mario Gonzalez, believes that together with the customs union, key to boosting development in the region, there are other factors to consider, such as legal certainty, investment in technical education and physical security of persons and property. "...to an investor it is not not attractive to come and invest in a single country, but coming to invest in a region with 40 million inhabitants is extremely attractive."
The fair "Knowing the South: regional exchange of solutions," which aims to present solutions of the South-South Cooperation (SSC) on issues of social and sustainable development will take place from 8th to 10th May in Panama.
From a press release from the United Nations Program for Development:
In recent years the region has advanced in a process of political, economic, social and cultural development.
A meeting between the Central America Integration Secretary (SICA) and the Republic of Korea concluded with important agreements in regional cooperation, economy and security.
The Central American nations expressed their concern for the serious crime situation experienced in the region, and invited Korea to support the International Conference for Central America’s Security Strategy, planned for next year.
Guatemala has been chosen as the base for the International Monetary Fund's technical assistance center for Central America and the Dominican Republic.
The decision was announced that Fund's annual regional conference, which closed in El Salvador on Friday. The conference discussed economic policies and sought to identify areas where regional cooperation could be stepped up.