Guatemala: Good Signs for Construction

In 2013, growth is expected because of the wholesale execution of public works, reconstruction of infrastructure damaged by the earthquake, and better financial conditions.

Wednesday, January 2, 2013

According to a report by the Monetary Board (MB), the performance of the construction sector will grow by 7.7%, after having reported moderate rates in 2011 and 2012, and a fall of 11.5% in 2010.

Elperiodico.com.gt contains an article which explains that the execution of public infrastructure and rebuilding of the damage caused by the earthquake that struck on November 7 in the western part of the country, are some of the reasons explaining the sector’s growth.

In addition, the MB has approved amendments to the Monetary, Exchange and Credit Policy for 2013, "in areas such as the rule of participation in the currency market, the annual program to check the level of the leader rate and the obligation for banks to transfer information on the reporting activities they perform online. "



More on this topic

Construction Awaits Better Times

November 2018

Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama.

Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival of a new government and the start of major works such as Metro lines 4 and 5, the sector may re-emerge.

Panama: Construction Up 35%

September 2012

The value of construction projects reached $766 million during the first half of 2012, $198 million more than in the first half of 2011, with bank credit underpinning this growth.

An article in Panamaamerica.com reports that "Investment in the construction sector is reflected directly in the bank’s mortgage portfolios.

Better Prospects for Construction Sector in Nicaragua

August 2012

Nicaraguan businessmen from the construction industry forecast a growth of 20% by 2012.

According to the Nicaraguan Chamber of Construction in the first six months of the year alone, there was a 10.5% increase in the sector.

"Benjamin Spears, president of the Nicaraguan Chamber of Construction (NCC), said that housing projects, especially in the social interest segment, are the main factor accounting for the growth.

Salvadoran Construction Sector Grows

December 2011

After five years of numbers in the red, the construction sector will close this year with growth of 4.6%.

According to the Salvadoran Chamber of Construction Industry (Casalco) the execution of public works was one of the factors that contributed to growth.

In an article in Laprensagrafica.com Ismael Nolasco, executive director of Casalco said, "’A very close estimate is 4.6%, which would be a positive increase in five years within the industry. The acceptable performance of public investment has had an influence, of the $1.200 million announced, we have reached a rate of about 60% to 70% of investment, which had a favorable impact on the industry’s performance.’

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