españolIMF Worries as Guatemala Issues More DebtWednesday, April 21, 2010 The Government risks failing to comply with the current Stand-By Agreement with the International Monetary Fund, as its fiscal deficit would reach 3.9%. However, Fernando Delgado, IMF representative for Guatemala, stated that “if the Government provides strong reasons for increasing the deficit, the Fund could maintain the Stand-By Agreement”. Central America: Fiscal Outlook - April 2016Tuesday, April 19, 2016 From 2014 to 2015 the size of central governments remained constant at an average 18.5% of gross domestic product (GDP). From the introduction of the report: "Macrofiscal Profiles: 6th Edition" by the Central American Institute for Fiscal Studies (Icefi): Guatemala: Private Sector Credit Increases 7.6%Friday, April 8, 2011 While analysts regard the 7.6% increase as low, it at leasts suggests that the economy is slowly recovering. Loans granted by Guatemalan banks to the private sector seem to be returning to a growth trend. This can be seen from data published by the Guatemalan Central Bank, which shows an increase of more than 7% in banks' credit portfolios.
BUSINESS OPPORTUNITY
Tender for Electrical Equipment in GuatemalaMonday, October 19, 2020 The National Institute of Electrification tenders the supply of equipment for insulation diagnosis, which will be used in the Central System of the Electric Energy Transport and Control Company. Guatemala Government Purchase 13493914: Special Miami Conference Session to Focus on CubaFriday, September 25, 2009 Caribbean Central American Action announces that a session on the shifting dynamics between Cuba, the US and the broader region will take place at its Annual Miami Conference. Washington, DC - Caribbean Central American Action (CCAA) announced today that a special panel on Cuba, which will examine the shifting dynamics between Cuba and the U.S. and the broad regional economic implications related to this movement, will take place during the 33rd Annual Miami Conference on the Caribbean and Central America. The Conference will take place from November 30 to December 2, 2009, at the InterContinental Hotel in Miami, FL. Business Future of the AmericasWednesday, May 29, 2013 On the 10th and 11th of June the event which will bring together members of the 23 American Chambers of Commerces in Latin America, entrepreneurs and renowned speakers will be held in Guatemala. The focus of the activity will be "intrarregional trade": promoting and strengthening trade between Latin America and the Caribbean, and the United States. With the signing of sub-regional free trade agreements, the opportunities are great and unlimited. Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative $45 million Investment in "Low Cost" HotelsWednesday, January 25, 2017 The US budget accommodation group G6 Hospitality has announced that within five years it will build ten hotels in Belize, Costa Rica and Panama. From a statement issued by G6 Hospitality: Central American Fiscal Figures in RedWednesday, August 14, 2013 The Central American Institute for Fiscal Studies has highlighted the unsustainability of the fiscal deficit in Costa Rica, El Salvador, Guatemala and Honduras. Pensalibre.com reports that "... according to the results of a report by the Central Institute for Fiscal Studies (Icefi) submitted yesterday ... Guatemala, El Salvador, Honduras and Costa Rica find themselves with in unsustainable scenarios regarding public debt in the next few years. " Nobody Wants to Dollarize In GuatemalaTuesday, June 8, 2010 In a strange unanimity, government officials agree with independent economic analysts: dollarization is inconvenient for Guatemala. That the Guatemalan Central Bank argues against dollarization is no surprise for anyone, as its very reason for existence is questioned with it. Accordingly, its president María Antonieta de Bonilla stated that the concept has more disadvantages than advantages. Merger Between Incensa and OC International Holdings AuthorizedThursday, August 22, 2013 The Commission to Promote Competition in Costa Rica has approved the purchase of 100% of the shares of the company Incesa by OC International Hondings. Elfinancierocr.com publishes "The request made by OC International was presented on May 7 and once the required documentation had been submitted they proceeded to analyze the appropriateness of the transaction in the light of the provisions of the Competition Act." Guatemalan Bond Issue Raises AlarmsWednesday, May 12, 2010 Experts foresee increased interest rates, exchange rate variations, liquidity issues, domestic credit shortages and more inflation. Investors would be drawn to the superior interest rates paid by government securities, taking money out of the market and into the State Treasury, limiting the capacity of banks to lend to private companies. Costa Rica: Health Clinics Certified with U.S. StandardsFriday, October 2, 2009 3 medical tourism clinics from Costa Rica were homologated to U.S. standards. The certification was awarded by the American Association of Accreditation of Ambulatory Facilities (Aaaasf) to the following medical centers: Pino (plastic surgery), "Sonrisa Para Todos" (dentistry), and Unibe (ambulatory care and surgery). Industry: Forecast for GuatemalaThursday, August 13, 2020 After the industrial activity registered in May one of the lowest levels of the last years, it is expected that the sector will close 2020 in negative variations, but more moderate than those reported in the first half of the year. The Index of Economic Activity of the Chamber of Industry of Guatemala, which is calculated by Central American Business Intelligence (Cabi), states that during May and in the context of the economic crisis resulting from the outbreak of covid-19, fell by about 10% when compared to the same period in 2019. Central America: Fiscal Outlook for 2017Tuesday, January 17, 2017 In 2016 the size of the governments in the Central American countries grew very little, the tax burden reached 14.3%, and the average fiscal deficit was about 2.8% of GDP. From the department of Fiscal Outlook for Central America, from the report "Macrofiscal Profiles: 7th Edition", by the Central American Institute for Fiscal Studies (Icefi): |
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Sunday, March 26, 2023 - last update: 1:12 am
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