Due to the crisis in the country, the Central Bank has reduced the estimate of economic growth for this year from the range of 4.5% to 5%, to the range of 3% to 3.5%.
Ovidio Reyes, president of the Central Bank of Nicaragua (BCN), explained that "... the hardest and most regrettable thing about this is the generation of employment.We are expecting the loss of 58,300 new jobs as a result of the lower economic dynamics."
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.
A report by Aldesa analyzes the effects for Costa Rica of a potential international crisis.
According to Aldesa:
During this week the market has been permeated by an air of positivity due to expectations that European authorities will solve the problem of the debt crisis. However, if more events occur, there would still be risks for the global economy that could trigger a slowdown in the U.S. and Europe.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...