World Bank, IDB, CAF: Now Everyone Knocks on Their Doors

In good times, multilateral lending agencies do not have too many customers. In times of crisis, everyone needs them.

Monday, April 13, 2009

To continue to grow and not stagnate, Latin America needs foreign investment in an amount ranging from 5% to 6% of the GDP in the region. It is $200 billion, a figure too large for the current scope of these credit institutions.

Rodrigo Lara Serrano pointed out in his article published in that "multilateral bankers are going through times of plenty. ‘Everyone is knocking on the door and asking for money,’ said a source who asked to remain anonymous. Normally entities must search for good projects. 'Now we choose the projects, although this is delicate: How do you compare things when everyone says that their needs are of vital importance?'"

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Costa Rica: GDP to Second Quarter Up 3.5%

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Although the Gross Domestic Product recorded an increase in the second quarter of the year, the growth rate of private consumption declined and corporate investment fell by around 11%.

From a report by the Central Bank of Costa Rica:

In the second quarter of 2017, economic activity, measured by the trend cycle of real GDP, grew at an annualized rate of 3.5%, reflecting higher external demand as well as the positive contribution of final consumption, both on the part of households and the Government. In a year-on-year comparison, production increased by 4.0%.  

Nicaragua as Seen by the IMF in June 2017

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The institution highlights the strength of the economy, but warns of the need to reform the social system and the impact that approval of the NICA law in the US could have on public finances.

From the statement by the IMF:

IMF Executive Board Concludes 2017 Article IV Consultation with Nicaragua

El Salvador: Record Debt Levels

December 2011

As of September 2011, Salvadoran government debt hit a new record, surpassing that of 1990, when it came to represent 50% of GDP.

From 1990 to 1998 the ratio of public debt to gross domestic product (GDP) decreased to 27%. Since then the ratio began to grow steadily and in 2009 it was once again 50%. Now. the ratio is 51.7%.

El Salvador Receives an Additional $250 million

July 2009

These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period.

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