Pharmaceutical Company Gets $14 Million LoanFriday, June 18, 2021 BID Invest granted Calox de Costa Rica S.A. a loan that will help the company invest in substantial improvements in its production capacity and seek international certifications to validate the quality of its products. The project has two main objectives. The first is to acquire the existing plant to make improvements in infrastructure and energy efficiency in order to become certified and expand its production capacity in the medium term. Solar Energy: Project in Industrial ParkFriday, July 10, 2020 IDB Invest granted an $8 million loan to American Industrial Park, owner of an industrial park in El Salvador, to invest in expansion works and the installation of a photovoltaic park for self-powered electricity generation. The financing, with an 11-year term, will enable American Industrial Park (AIP) to maintain its competitiveness over the medium term by expanding its 17,000 square meter industrial roof. Panama: $47 Million for Tourism ProjectThursday, February 13, 2020 CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro. The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI. Road Infrastructure: $20 Million InvestmentThursday, February 6, 2020 In Honduras, the National Congress approved a decree that guarantees the investment of $20 million in a series of road infrastructure projects in the city of La Ceiba. The decree contemplates that the funds will be used to build the extension of "Calle 8" with two lanes starting from "La Amistad" Boulevard, connected to the street that leads to the Air Base, including a grade change that connects with the CA-13 highway, reported the National Congress. $50 Million in Credit for Food CompanyWednesday, January 29, 2020 With a $50 million loan from the IDB, the CMI Alimentos business group will expand its operations in Guatemala, El Salvador and Honduras. The loan was placed through IDB Invest, a member of the Inter-American Development Bank (IDB) Group, and the operation is intended to finance fixed investments that will help CMI Alimentos continue improving its productivity. Plastic Prohibition: Companies Prepare in GuatemalaWednesday, September 25, 2019 Following the publication of the agreement prohibiting the use and distribution of single-use plastic articles, some companies are beginning to analyze possible options for no longer relying on this type of product. On Sep. 20, the Ministry of Environment and Natural Resources (MARN) published Governmental Agreement Number 189-2019 in the Diario de Centroamérica, prohibiting the use of disposable plastic and expanded polystyrene articles. Trade Missions to Panama, Canada and SpainFriday, February 1, 2019 The first three trade missions organized for exporters in Guatemala will focus on the potential of mass consumer and agricultural products in those markets. From the Agexport press release: Guatemala: Oil Production Falls 5%Thursday, November 22, 2018 The lack of incentives for investment in extractive activity could be one of the reasons behind the downward trend in oil production in the country. During the first ten months of the year, the country reported 2.78 million barrels of production, 5% less than the same period in 2017. Can Foreign Investment be Recovered?Tuesday, April 3, 2018 For the third consecutive year, in 2017, foreign investment received by Guatemala fell compared to 2016, explained by a lack of legal certainty, particularly in the mining industry. Even though no one expected great results at the end of 2017, the 3% fall with respect to foreign investment received in 2016 has worried the business sector, as it reinforces the downward trend seen since 2015, when the FDI received by the country was 12% lower than the amount reported the previous year. Guatemala: $5 million for Banana ProductionTuesday, March 13, 2018 With a loan from the IDB, the Agricultural Company El Siglo will finance cultivation of 475 hectares of banana, a production which will be used for export. The financing granted by BID Invest will allow the company to leverage its operations and develop more growth in less time. It is expected that at least 475 rural direct jobs will be generated, which is equivalent to one direct job for each hectare planted. Guatemalan Coffee Betting on Emerging MarketsTuesday, January 23, 2018 According to the union of exporters, for 2018 the destinations that represent potential opportunities for special coffees are Taiwan, China, Australia, Malaysia, Czech Republic and Chile. In the case of the Chilean market, the first multisectorial trade mission led by the Department of Market Development and Commercial Promotion of the Guatemalan Association of Exporters (Agexport) was carried out in 2017, in which more than 50 commercial appointments were attended, showing high interest for the special coffees of Guatemala. Cosmetics and Personal Care ExportsTuesday, December 19, 2017 The Guatemalan cleaning and personal care products industry plans to close 2017 with $312 million worth of exports. From a statement issued by Agexport: Guatemalans Seek Business in ChileThursday, December 7, 2017 Exporters from Guatemala will be undertaking a commercial mission to Santiago de Chile, where they will be meeting with supermarket chain entrepreneurs. From a report by Agexport: Guatemala: Little Growth in Foreign InvestmentMonday, July 3, 2017 In the first quarter of the year foreign direct investment was $313 million, only $2 million more than in the same period last year. Of the total foreign investment received in the first three months of the year, 28% went to the electricity sector, 21% went to manufacturing, 16% to trade and 10% to the financial and banking sector. Trade Mission from Colombia to PanamaMonday, January 23, 2017 From February 20th to 23rd a group of Colombian businessmen will be meeting with Panamanian companies to explore business opportunities. The business meeting is being organized by the Colombian-Panamanian Chamber of Commerce, which aims to help "smooth things over" in the context of prevailing tension in trade relations between the two countries. |
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