The IMF approved a loan in favor of the Panamanian government, whose funds will be used to finance health expenses and support the vulnerable population affected by the covid.19
The International Monetary Fund (IMF) approved Panama's request for emergency financial assistance under the Rapid Financing Facility (RFF) of approximately $515 million to meet urgent balance of payments needs arising from the outbreak of the covid-19 pandemic, the international body reported.
One day after the suspension of work in the private sector, authorities reported that all companies complying with the health and safety protocol will be allowed to continue operating.
On the night of March 16, public and private sector work was reportedly suspended, and shopping centers, bars, and discotheques were ordered to close, while public transportation was prohibited, in an effort to contain the spread of covid-19.
The authorities plan to regulate the prices of disinfectant soaps in tablet or liquid form, disinfectant sprays, liquid alcohol, alcohol gels and disinfectant towels.
According to official statistics, up to March 16, 41 cases of people infected with the coronavirus had been reported, and another 615 patients who were examined were found to be negative.
Fear of the unknown and the belief that a serious problem justifies a dramatic response, pushes consumers to make panicky purchases, driven by anxiety and a willingness to calm their fears.
Following the spread of covid-19 worldwide and its declaration as a pandemic by the World Health Organization (WHO), businesses worldwide have reported a considerable increase in the products they offer, which can be explained by consumer behavior in a context such as the current one.
The closure of shopping centers, bars and discotheques, and the suspension of public transport, are some of the measures that began to take effect in the country on March 17, with the aim of containing the spread of covid-19.
The provisions are mandatory and will be in force from March 17 at 00:00 hours until March 31 this year at 24:00 hours, details the presidential agreement published in the Diario de Centroamerica.
Suspension of work for government and company workers, closure of businesses and shopping centers, as well as a ban on the operation of public transport, are some of the measures decreed in the country in view of the threat of the spread of covid-19.
Air, land and sea borders are closed throughout the country, and all sporting, cultural and social activities are cancelled, reported the Honduran presidency.
From January to November 2019, purchases of diapers and similar items made by Central American countries from companies in Mexico totaled $141 million, 9% more than reported for the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption "Click to interact with graphics"]
The saturation of the public platforms, combined with a greater awareness of preventive health, explains the better disposition that consumers are showing to pay for private services and health insurance.
Businessmen in Costa Rica say they are working on reengineering their medical service companies, because with the new trends and demands of consumers, they must focus on diversifying their services and products.
In the first half of 2019, 13 environmental impact studies were presented to build hospitals, clinics and other health care centers in the countries of the region, projects valued at $280 million.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
After the Netherlands decided not to give $21 million to the Ortega administration for the construction of the North Caribbean Regional Hospital, the Nicaraguan government assured that it will finance the work with its own resources.
According to official information, the hospital project, which will have a total cost of $82 million and will be financed by a loan from the Central American Bank for Economic Integration (CABEI) and funds from the Government of Nicaragua, is expected to begin construction on August 23.
The American business group Sandford Health acquired 12.5% of the shares of the companies of the Montecristo Group.
Both companies reported that they reached an agreement for Sandford to acquire part of the shares of the Montecristo Group companies, such as Hospital Metropolitano, Medismart, Labinclinic, Drs Dent and Laboratorios Páez.
The IDB approved a $100 million loan for the construction of new health posts and hospitals in sectors with high rural and indigenous populations in Guatemala.
The funds will be used to finance the project, prioritizing actions in vulnerable departments, mainly in Huehuetenango and San Marcos, given the high prevalence of maternal and child health problems in such regions, reported the international agency.
In 2018, 28 environmental impact studies were presented to build hospitals, clinics and other health care centers in the countries of the region, projects valued at $810 million.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
The Salvadoran Social Security Institute tenders the supply of different types of medical supplies and equipment for use in several hospitals of the institution.
El Salvador Government Purchase LP-047/2019-Q:
"Supply of inputs with commodatum equipment for the elaboration of parenteral nutrition mixtures in the general hospital of the ISSS."
Deadline for receipt of tenders: February 26th, 2019.
Businessmen in the sector want the country to become the largest provider of laboratory analysis services in Central America and aim to increase sales to other markets outside the region.
According to figures from the Bank of Guatemala, during 2018 sales abroad classified as laboratory analysis services totaled $7.2 million, Central America being the main target market for the businesses of Guatemalan companies operating in this sector.
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