In Honduras it has been reported that the $80 million that will be granted to the coffee sector is in the stage of consultation, risk analysis and verification of loan conditions.
Representatives of the Honduran Coffee Institute (Ihcafé) reported that two banking entities presented their proposals to manage the financing, which will be under the modality of syndicated credit, which consists of several institutions lending the funds, but only one will manage them and establish the conditions.
A bill being discussed in the Guatemalan Congress proposes extending the term of the trust for renewal of coffee plantations and supporting producers until 2051.
The legal initiative for the Economic Reactivation of Coffee proposes altering the expiration date of the trust, currently foreseen until 2026, so that the coffee growers can have access to the resources until the year 2051.
In order to deal with the difficulties caused by the low international price of the grain, the Honduran government plans to make resources available to 120,000 coffee producers.
The Honduran presidency reported through a statement that one of the decrees, approved by the National Congress at the proposal of the Executive, creates the Special Guarantee Fund for the Coffee Sector with an initial contribution of 300 million lempiras ($12.7 million) from the Honduran Bank for Production and Housing (Banhprovi), which will provide 2,400 million lempiras ($101.9 million) in reciprocal guarantees, which will serve to propitiate operations of twice that value ($203.8 million).
On top of an international context with low prices, coffee producers in Nicaragua also have to deal with the complications arising from the sociopolitical crisis and a lack of financing options.
As if coffee production's current position in the unfavorable context of low international prices was not enough of a problem for coffee farmers, in Nicaragua they are facing yet other disadvantages, which only complicate the sector's prospects further.
The new tax reform proposal being discussed in Costa Rica raises capital gains tax from 8% to 15%, and also excludes recognising as a debt deposits made by issuers in the securities market.
In the view of the National Stock Exchange (BNV), not recognizing deposits made in the stock market as debt leaves it at a clear disadvantage, compared to banks, as a source of financing for companies.Not only does it compromise access to investors' savings, it also significantly limits companies and individuals investment options.
The Panamanian government has authorized a $400 million loan between Empresa de Transimisión Eléctrica and Citibank, for the payment of the Third Transmission Line.
As detailed in the August 10 editions of the official newspaper, La Gaceta, the funds will be used to cancel Partial Payment Certificates, a format known as a Turnkey project.
With a loan from the BCIE, the Salvadoran government intends to finance a coffee renewal program, which would cover some 21,000 manzanas of crops.
The Central American Bank for Economic Integration (CABEI ) reported that the funds will be used to respond to the challenges of the coffee sector in El Salvador, supporting the renovation of 20,777.4 manzanas of the crop, contributing to the transfer of sustainable technologies, increasing the capacity of resilience and improving the institutionality related to coffee.
The CABEI has approved a $425 million loan to finance a water supply project in three cantons in Guanacaste, Costa Rica.
The Central American Bank for Economic Integration (BCIE) reported that the funds will be used to financeconstruction of hydraulic, civil and mechanical structures to achieve the multiple purpose of providing water for irrigation, water for human consumption and future generation of energy.
At the end of April of this year, the loan portfolio granted by banks amounted to $12.582 billion, registering a 13% increase compared to the same period last year.
According to figures from the National Commission of Banks and Insurance (CNBS), between the month of April 2017 and the same period in 2018, the loan portfolio grew by $1.433 billion, rising from $11.149 billion to $12.582 billion.
The IDB has approved a loan to finance projects related to the improvement of market connectivity for small agricultural producers and the application of agroforestry technologies.
The Inter-American Development Bank (IDB) reported that "... Through a loan of US $150 million, the Dominican Republic will work on the adoption of agroforestry technologies and improvement of connectivity to agricultural markets to increase incomes of small producers, and increase environmental sustainability and adaptation to climate change through the best management of natural capital."
The balance of bank loans granted by the national system up to March 2018 totaled $66.17 billion, 2% more than was reported in the same month last year.
In Costa Rica, the Alvarado administration has asked the BCIE for a loan of $425 million to finance a water supply project in three cantons in Guanacaste.
The project consists in the construction of 300 new kilometers of water channels in the cantons of Santa Cruz, Nicoya and Carrillo, which will cover a potential area of 18,800 hectares.It also contemplates construction of the reservoir on thePiedras River and works on the dam to generate hydroelectric power.
The international loan approved by Congress will be used to improve the response capacities of the country's emergency services and health services, social protection services and agricultural recovery.
From a statement issued by the Congress of Guatemala:
The Agricultural Bank has set up a fund of $8.1 million, which will be used for the execution of several cocoa production projects in different parts of the country.
Through a statement issued by the Ministry of Agriculture, the head of the institution, Osmar Benítez, explained that "... the Agricultural Bank has disposed of a fund of 400 million pesos ($8.1 million) to execute several projects to boost cocoa production in the country."
The Comptroller General of Panama has approved a contract to finance the first part of the Agricultural Master Plan in the Western Region, whose funds will be invested in the next two years.
The plan, which in its first stage will be executed in seven components, consists of the improvement of productive infrastructure, acquisition of equipment and supplies and management of the water resource.
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