Central American Financial System Stable

The financial sector remains stable in spite of the economic crisis and a slight increase in credit card delinquency.

Thursday, August 27, 2009

For the end of 2009, delinquency of more than 90 days is expected to rise to 2.6% from 1.6%, said Victor Urcuyo, president of the Central American Council of Banking Superintendents.

The official also said that "... in credit cards, 30-day arrears increased 7.8%, while 90-day arrears 3.2%", reported Prensalibre.com.



More on this topic

New Law for Financial System in Guatemala

September 2016

Details of the draft law with which the Bank of Guatemala aims to improve regulation and supervision of the financial system.

From a statement issued by the Bank of Guatemala:

The bill submitted by the Monetary Board of the Executive Agency and by the President of the Republic to the Congress of the Republic on September 12 2016, introduces necessary reforms to Decree No. 19-2002, Law on Banks and Financial Groups, to modernize existing legislation and improve protection of depositors. The bill is based on the following aspects:   

The Difference Between Ortega in the 80’s and Today

January 2013

The modern day Ortega believes in - and-practices - monetary stability, in that you can not distribute wealth without creating it, and that national and foreign entrepreneurs are vital for producing it.

In his analysis published in Laprensa.com.ni, Humberto Belli Pereira points out the cost for Nicaragua of the ideology with which Ortega and his associates in the Sandinista National Liberation Front (FSNL) intended to govern.

$ 55 Million for Panama's Public Finances

March 2011

The World Bank will provide a loan in order to improve efficiency in Panama´s public sector.

The project aligns with Panama´s Government in the search for more efficient spending. The loan will result in more transparent daily operations based on performance and subject to accountability.

Nicaragua: $ 10 Million to Improve Financial Management

December 2010

The World Bank approved a technical assistance loan for the Plan of Modernization of Public Financial Management.

The project will be carried out with the support of the Inter-American Development Bank (IDB), the European Commission and the Kingdom of Netherlands, aiming at improving the accountability process.

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