Nicaragua presents plan for global crisis

The measures presented by the Government include the reduction of public spending, the promotion of food production and the development of

Wednesday, January 21, 2009 reports: "The president said that they will request $500 million from the Central American Bank for Economic Integration (BCIE) and the Inter-American Development Bank (IDB), in order to push infrastructure projects and promote production.

At the same time, the Government will reduce its spending on goods and services by 20%, and by 50% for expenditure for the acquisition of vehicles and trips abroad, and at the same time it requested that the other branches of Government to reduce their spending.

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Costa Rica After Chinese Infrastructure Investment

August 2012

The country has started negotiations with authorities from the Chinese government and financial institutions in order to access funding for two road extensions that will allow the transport of cargo between the Caribbean and the Pacific without going through the Central Valley.

While in the Asian country, the president of Costa Rica, Laura Chinchilla, told the newspaper La Nacion that the negotiations underway are the for the purpose of getting resources for the expansion works on the road connecting the port of Limon and Sarapiqui and the one linking Chilamate with Vuelta de Kooper in the north.

$150 Million for Infrastructure in Central America

January 2010

The Central American Bank for Economic Integration will invest, together with other institutions, in a Mezzanine Fund for Central American Infrastructure (Camif).

The fund will contribute resources for infrastructure projects in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Dominican Republic, Mexico and Colombia.

Anticrisis plant presented in Costa Rica

January 2009

The Government of Costa Rica is putting emphasis on social spending and investment in public works as measures to deal with the contraction of the economy.

Labor flexibility, expansion of unemployment benefits, adjustment of rates for credit at state banks, the reduction of work hours, increase in pension benefits, are some of the measures announced in the "Plan Escudo" (Shield Plan).

Infrastructure: the multiplying factor

November 2008

The Minister of Public Works of Panama es convinced that to weather the crisis investment in infrastructure must be widened. Below he explains how he is doing that.

With an estimated growth of 9% for 2009, Panama will be the Latin American country with the greatest economic expansion next year, according to a forecast by the International Monetary Fund (IMF).

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