Producers in El Salvador, Honduras and Guatemala, will have a processing plant, technical assistance and a global distribution network.
The funds from the Italian-Latin American International Organization (IILA) and the Italian Agency for Development Cooperation (AICS) are part of the project entitled "Revitalization of the quality cocoa chain in Central America and the Caribbean."
A logistics center for humanitarian assistance is to be built in a 6-hectare area south-west of the Panama Pacifico airport, which will include three 12,000 m2 warehouses and administrative buildings.
This Logistic Center will be located southwest of the Panama Pacifico International Airport within the special area of the same name, in an area of 6.1 hectares and the complex will house:
In Costa Rica a law has been proposed that would benefit tourism businesses suffering from financial problems - caused by the 2008 crisis!! -, readjusting their debts and repurchasing and returning their lost assets.
EDITORIAL
Beyond the dark aspects of the bill - among them that it is not known who the beneficiaries are - its purpose seems rude and unfair to entrepreneurs who managed to overcome the crisis of the last decade through proper management and undoubtedly a lot of sacrifice, and who today have healthy companies.
The law creating a trust to support Costa Rican coffee growers is already in place but the budget of $40 million is still in line waiting for congressional approval.
The law, which has already been published in the the official newspaper La Gaceta, was declared of public interest meaning that it will prevail over anyone opposition.
Elfinancierocr.com reports: "The primary purpose of the trust is the comprehensive care of the needs facing coffee producers, whose production could be up to "two double hundred hectoliters of coffee "(100 bushels) during 2012-2013, and the coffee crops of 2013-2014 ".
The Investment Committee of the Millennium Challenge Corporation has given approval for the implementation of Fomelino II in the marine coastal area of El Salvador.
This "is a momentous step for the realization of this strategic commitment which will bring significant benefits to the population of the coastal area and the country in general," said Alexander Segovia, Technical Secretary of the Presidency.
Both governments have agreed to build a baseball stadium for 30,000 spectators with an investment of $30 million from Taiwan plus another $5 million from Nicaragua.
"This week the honourable Ambassador of China Taiwan in Nicaragua, Ingrid Hsing and me will be signing the draft, which sets out additional conditions to the memorandum of understanding signed between the Foreign Minister of Nicaragua and the Taiwanese Chancellor," said Marlos Torres, director of the Nicaraguan Institute of Sports (IND).
A Wall Street Journal article has pointed out the futility of the Northern Longitudinal Highway and a recession in the Salvadoran economy over the last 10 years.
"... The Northern Highway (which passes through some of the least populated areas of the most densely populated country in Central America) is an unfinished work, courtesy of the North American taxpayers," noted an article on Online.wsj.com.
"In the 50 years of operation in the country, USAID has assisted with over $1.2 billion aimed at agricultural and community development programs, to large construction projects and expansion of public facilities", reports Panamaamerica.com.pa .
At least 20% of Nicaragua's economic growth in recent years is the result of economic and commercial support from Venezuela.
A study by the Nicaraguan Foundation for Economic and Social Development (FUNIDES) shows that in 2010, when the economy was growing at 4.5 percent, the contribution of the relationship with Venezuela was 1.1 percentage point. In 2011, when growth was 4.7%, the Venezuelan contribution to the figure was 0.9%.
During February, the country will receive an IMF mission to assess the agreement signed in 2010.
The president of the Central Bank of Honduras told the press that members expect 'good reviews' because they have been fulfilling the goals set by the Government.
Tourism businesses in the province of Guanacaste have requested more action from the country's government.
The requests from the Guanacastean Tourism Association (Caturga in Spanish) include greater international promotion and the creation of a seasonal financial support plan for companies.
80% of rice companies are experiencing problems obtaining credit.
2008's global food crisis and the financial crisis that followed in 2009 have led to big losses in El Salvador's agricultural sector.
"Rice growers' bad luck continues and signs of recovery seem ever further away, especially with the government deciding to import 7,000 tons of rice this year through the UN World Food Program (WFP)," reports Elsalvador.com.
The coming Tuesday Honduras will receive an IMF technical mission to negotiate the new economic program.
The team will be headed up by Przemek Gajdeczka, who also led the group that came in March for the Article IV consultation. Polish Gajdeczka will come with five subject area experts, especially in fiscal policy, which is what the Porfirio Lobo Sosa government is particularly struggling with.
To obtain a second donation from the Millennium Challenge Account, the country must reach the objectives of the program in the established dates.
The Millennium Funds Program (FOMILENIO), was started in El Salvador in September 12, 2007, with a total donation of $460.9 million, contributed by the United States Millennium Challenge Account (MCA).
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