The risks are: uncertainty about sustainability of public finances, increasing dollarization of the loan portfolio, and inflationary pressures from excess liquidity.
In its commentary on the national economy No. 5-2016 of May 2, 2016, the Board of the Central Bank of Costa Rica said:
The organization has closed its office in Managua citing the macroeconomic stability that the country has maintained since completion of the Extended Credit Facility program in 2011.
From a statement issued by the IMF:
IMF to Close Resident Representative's Office in Nicaragua
In the fourth quarter of 2015, the Nicaraguan economy recorded growth of 6.6% and an average annual growth of 4.9% in the original data, according to the preliminary estimate of quarterly GDP (PIBT by its initials in Spanish).
The decision was made in response to economic activity, family remittances and credit to the private sector showing dynamism, and the fact that inflation remains within the target.
From a statement issued by the Bank of Guatemala:
The Monetary Board (MB), based on a comprehensive analysis of the external and internal situation, after reviewing the Inflation Risks Balance, decided to keep the level of the leading monetary policy interest rate at 3%.
Economic growth will range between 3.3% and 3.7% in 2016, led by banking, communications, agriculture, manufacturing, and recovery in the construction sector.
From a statement issued by the Central Bank:
The Board of the Central Bank of Honduras (BCH) in fulfilling its tasks, on February 17, 2016 by Resolution No.56-2 / 2016, approved the 2016-2017 Monetary Programme, which contains guidelines and policy actions, related to credit and exchange in the country, to be implemented in this biennium, based on the recent national macroeconomic performance and behavior and outlook for the world economy.
The sovereign rating B + with stable outlook is based on the "economic performance, low debt burden of the government, political stability and partnership between government and the private sector through dialogue".
A healthy trade momentum contributed 40% to the rise in loans signed in 2015 in the National Financial System.
In December, the National Financial System (SFN) awarded 1971.4 million cordobas in new loans, representing one of the main uses of financial institutions.
The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in per capita consumption.
From a press release issued by the IMF:
On January 28, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nicaragua.
In the first half of the yer, economic activity grew by 3.6% over the same period in 2014, driven in part by the 9% increase in credit to the private sector.
From a statement issued by Banco Central de Honduras:
The Central Bank of Honduras (BCH) presents the "Performance of the Honduran economy for the first half of 2015," which details the most important economic events that occurred in that period. The world economy continues to show moderate growth, with a stronger recovery in advanced economies like the United States (2.3%) and the Eurozone (1.2%); facing a slowdown in growth in emerging market and developing countries, including China (1.7%).
The organization states that the country has advanced in the process of economic stabilization and has exceeded the quantitative targets set for December 2014, also meeting the benchmarks set for March 2015.
From a press release issued by the International Monetary Fund (IMF):
An International Monetary Fund (IMF) mission, led by Mr. Lisandro Ábrego, visited Tegucigalpa during March 9-17 to conduct the first review of Honduras’ Fund-supported program, approved on December 3, 2014. At the conclusion of the visit, Mr. Ábrego issued the following statement in Tegucigalpa today:
"Nicaragua has advanced greatly in recent years consolidating its economic stability, improving macroeconomic balances and reducing vulnerabilities."
From a statement issued by the International Monetary Fund (IMF):
Mr. Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of his visit to Nicaragua today:
If one thing the current authorities of the Central Bank have stated clear is the concern about the stability of all macroeconomic variables, starting with the exchange rate.
From analysis given in a blog by Aldesa, Pulso Bursatil:
The Honduran Council of Private Enterprise has pointed out that the Framework Law on Social Protection System "threatens sustainability of businesses and harms labor competitiveness in the country".
From a statement issued by the Honduran Council of Private Enterprise (COHEP)
The Honduran Council of Private Enterprise (COHEP) has been asserting for more than ten years the need for a comprehensive reform of social security, for this reason it congratulates President Juan Orlando Hernandez, for taking the initiative to completely overhaul the social security system in Honduras
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