Costa Rica Central Bank approves plan to give more resources to banks

The monetary authority may give special credit, repurchase titles and expand the number of entities that can participate in the Interbank Money Market (MID).

Wednesday, November 5, 2008

The measure is in effect since yesterday and includes three components, explained Central Bank manager, Roy Gonzalez.

The first component of the agreement is a Regulation on special operations to deal with extraordinary need for liquidity.

The second component is the possibility for the Bank to repurchase its own titles or those from the Ministry of Finance.

More on this topic

El Salvador: The Banking System in November 2015

November 2015

The liquidity of the banking system grew by 30% in the last twelve months, helped by the growth of liquid assets of banks and the extension of terms for external loans.

The report by the Central Bank concludes in its study on financial stability that the Salvadoran banking system continues to show a position of robust solvency in terms of liquidity levels which have been expanded in recent months.

Costa Rica: Still Ample Liquidity in Local Currency

September 2015

Lower demand for credit from the private sector is the main reason for the increase in liquidity in colones in the local financial system.

Although increased liquidity should be accompanied by a reduction in interest rates, this is not the case in Costa Rica, as expectations of a possible rate hike in the United States and internationally are being maintained and forcing them to be kept down.

$ 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.

New Regional Banking Supervision Agreement

November 2009

El Salvador, Panama and Costa Rica signed a consolidated supervision agreement for entities operating in their jurisdictions.

The agreement, signed by the banking supervisors of the three countries, foresees exchanging information, providing optimal conditions for supervision, and fostering stable, solid financial systems in the three countries.

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