Authorities from both countries agreed to work on the unification of their stock markets, starting with the issuance of a quota of Guatemalan subsidized debt directed to Salvadoran investors.
Representatives of the Guatemalan Ministry of Finance and the Ministry of Finance of El Salvador informed that before the end of this fiscal year, the Guatemalan subsidized debt will be approximately $13 million.
The Government of Guatemala had to pay $600K for canceling a loan granted by the BNDES in Brazil to buy aircraft from Embraer, another Brazilian company.
S21.com reports that "The government paid $595,461.22 on 19 February because it did not confirm the adquistion of a $133 million loan from the National Bank for Economic and Social Development (BNDES) for the purchase of six A-29 Super Tucano aircraft."
The Central American Institute for Fiscal Studies has highlighted the unsustainability of the fiscal deficit in Costa Rica, El Salvador, Guatemala and Honduras.
Pensalibre.com reports that "... according to the results of a report by the Central Institute for Fiscal Studies (Icefi) submitted yesterday ... Guatemala, El Salvador, Honduras and Costa Rica find themselves with in unsustainable scenarios regarding public debt in the next few years. "