The loan for $735 million will be available for fifteen months and will serve to back up the political strategies of the country in the face of the global economic crisis.
Laprensahn.com reported statements by Murilo Portugal, Deputy Managing Director and Acting Chairman of the Board of the International Monetary Fund: "The main economic indicators in Costa Rica are strong and reflect years of generally prudent policies. However, financial turbulence and the world economy carry risks for the country’s outlook in 2009 and 2010. The authorities' economic program seeks to preserve macroeconomic and financial stability, while sustaining growth and protecting the population’s most vulnerable areas."
The memorandum signed by both nations covers topics such as exploitation rights and customs, commercial representation and other things.
From a press release issued by the Presidency of Panama:
Under the framework of the XXIII Ibero-American Summit, Panama and Portugal signed this Saturday, October 19th, a new bilateral air services agreement, a product of the discussions that have been "held in a cordial atmosphere, between delegations of the two countries".
TAP, BlueSky and Aeromexico are negotiating flight connections from Portugal, Grand Cayman and Mexico City to Tocumen airport.
The Mexican carrier has already made the first approaches for connections to the Tocumen International Airport. Although it has not defined when flights would start, representatives indicated that it could begin with seven a week.
The directory of the IMF approved a 14 month "stand-by" credit line, that will allow the country to tap $800 million.
Laprensagrafica.com reports: "'These substantial IMF funds will increment the liquidity reserves of the economy and will contribute to strengthen the trust in El Salvador's financial system.', stated Murilo Portugal, sub Manager and acting president of the the Directory."
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.
We are dedicated to offering the public a tourism Resort located approx. 350 meters from the historic center of town, after colonial Comayagua Medical Center.
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