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Central America to unify agreements with MexicoTuesday, June 24, 2008 Central America's deputy ministers of Trade will start this week in El Salvador to unify the trade agreements each country has negotiated with Mexico. Rubén Morales, deputy trade minister for Guatemala, says the objective is to end up with one consolidated treaty of commercial relations with Mexico. Preferential liberalization and its economy effects in HondurasFriday, April 11, 2008 This paper quantifies the likely benefits of trade and investment liberalization in a small, poor, open economy, using the accession of Honduras to the Dominican Republic-Central American Free Trade Agreement as a case study. The results show that bilateral trade liberalization with the United States is likely to have almost no effect on welfare in Honduras, while the reciprocal removal of protection vis-a-vis the rest of Central America would lead to significantly larger gains. Potential gains from increased net foreign direct investment inflows overwhelm those expected from trade reform alone, particularly if the new foreign direct investment generates productivity spillovers. However, if it is to replace Honduran investment rather than complement domestic capital formation, growth performance is unlikely to improve and may even suffer. The paper's results identify several areas for policy attention by Honduran policy makers to make the Dominican Republic-Central American Free Trade Agreement more development-friendly. These include carefully considering the budgetary implications of trade reform, widening social safety nets to counter the trends toward increasing income inequality, and sequencing the reforms to ensure a close alignment of Honduras'comparative advantage on the regional and global markets. Unified Currency vs DollarizationFriday, October 9, 2009 "Almost all independent countries choose to assert their nationality by having, to their own inconvenience and that of their neighbours, a peculiar currency of their own". This phrase by John Stuart Mill is the header of an analysis on the subject published by the Central American Monetary Council. Central America: One single voice in face of crisisFriday, December 5, 2008 The Ministries of Foreign Affairs and Economic and Social Integration in Central America started a working session to evaluate the possibility of speaking with "one voice" regarding the global financial crisis. Honduran Minister of Foreign Affairs, Angel Orellana, inaugurated the first session of the meetings which will conclude this evening and at which its is expected that a formal document will be presented to the leaders of the Central American Integration System (SICA), which will convene tomorrow for the XXXIII Ordinary Summit of Head of State and Government of the organization. Key meeting of SICA concerning the crisisThursday, December 4, 2008 Tomorrow, leaders from the region will analyze a packet of recommendations on how to deal with the crisis. The heads of governments will analyze the plan that they requested from the specialized technical institutions of SICA to measure the impact that the global financial crisis could have on the region. They hope that the set of recommendations will allow the various governments to adopt adequate measures to reduce the impact. Regional payment system becomes effectiveFriday, December 12, 2008 The "Treaty on systems of payment and the liquidation of stocks in Central America and the Dominican Republic" is now in effect in El Salvador, Nicaragua and the Dominican Republic. The Central American Monetary Council (CMC), made up of the presidents of Central Banks from Central America and the Dominican Republic, announced that the treaty is in effect since December 5 for those three countries which have met all ratification requirements. Central American Ministers Meet in GuatemalaWednesday, February 17, 2010 In the meeting, officials will discuss the negotiation process with the European Union and the inclusion of Panama in it. Economy and Trade ministers are taking part in the event. Central American Presidents to meet in HondurasFriday, October 3, 2008 The presidents of the countries that make up SICA will meet tomorrow to discuss public safety, the progress of integration, free trade and the impact of the US financial crisis in the region. Earlier it was reported that the purpose of the presidential summit was to discuss violence and crime in the region, immigration and the environment, but its was later decided to give priority to the eventual effects of the US economic crisis. Financial Integration in the RegionFriday, September 19, 2008 The Treaty on payment systems in Central America and the Dominican Republic. 1. Introduction: Central American Integration Regional plan prepared to deal with crisisWednesday, November 26, 2008 Ministers of the Economy and Foreign Trade from Central America prepared a plan to jointly deal with the impact of the economic recession that will occur in 2009 in the region. The adopted measures will be used to jointly mitigate the negative effects. Differences Between Central America and South AmericaMonday, January 31, 2011 When talking about how well the Latin American economy is doing, there should be a note added: "except Central America and the Caribbean countries." In the interview to Humberto López, Chief Economist, World Bank (WB) for Central America by Juan Pablo Arias of Nacion.com, he reflects: "Central America in 2010 grew much less than South America and for 2011 it expects a lower growth rate than the south of the continent. When Asia is doing well, Central America and the Caribbean are not doing so well because they are competitors. The expansion of Asian exports in the U.S. is shifting, in part, Central American exports. Moreover, commodity prices are rising and that's good for South America because they are producers. Central America asks BCIE for backing for Central and Private BanksMonday, October 6, 2008 The region made a petition to the Central American Bank for Economic Integration that could reach $2 billion, that is $400 for each one of the five countries in SICA. Central America is seeking its own financial rescue plan. After analyzing the possible effects of the financial crisis in the United States on the region, the Heads of State of the Central American Integration System (SICA) asked the BCIE "to consider the possibility of extending lines of credit for up to $200 million for the Central Banks" in the region. Single currency for Central America to be analyzedMonday, December 8, 2008 The SICA summit ended with a declaration that includes a dozen measures that they are seeking to implement in order to deal with the global financial crisis. DECLARATION Costa Rican Economy: Signs of RecoveryWednesday, November 13, 2019 For the authorities of the Central Bank, the economy begins to show signs of recovery, because for four consecutive months the economic activity has registered a positive performance. In June of this year, the Monthly Economic Activity Index (IMAE) began to show signs of recovery, recording a 1.2% year-on-year increase. In July and August, positive variations continued, with 1.4% and 1.7% increases reported, respectively. Brazil's Lula flies in to seek alliance with Central AmericaTuesday, May 27, 2008 Brazilian President Luiz Inácio Lula da Silva is flying in tomorrow to El Salvador to explore the possibilities of a trading alliance between Central America and the South American alliance, Mercosur. Spokesman Marcelo Baumbach said Lula is slated to address a Brazil-Central America business forum tomorrow. Later he will attend the summit of the Central American Integration System, where he will meet with the region's presidents. |
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Sunday, January 29, 2023 - last update: Wednesday, 1:21 pm
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