españolIs It Not Good Business to Finance Innovation?Friday, November 30, 2012 The Costa Rican financial system makes no effort to provide resources to support innovation processes in companies. A report entitled ‘Indicators for Science, Technology and Innovation 2010-2011’ published by the Ministry of Science and Technology of Costa Rica, notes that "what continues to stand out in the country's financial system is the fact that it does not seem to be very mature in terms of providing resources for company’s innovation processes. El Salvador Announces New Finance Production ProgramWednesday, October 12, 2011 The Ministry of Economy has announced the availability of non-refundable co-financing line entitled: "Dynamic Start Up: Seed Capital." A press release from the Ministry of Economy of El Salvador reads: Businessmen Asking for Strict Control of Public SpendingWednesday, August 8, 2012 The Chamber of Commerce, Industries and Agriculture in Panama has reiterated the need for prudent management of public finances and effective control of state spending in order to avoid overspending or an increase in the fiscal deficit. A press release from the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reads: Costa Rica: OECD Supports Fiscal Affairs PolicyMonday, April 16, 2018 Clarifying that this is not an evaluation of the country's public finances, the Fiscal Affairs Committee issued a favorable opinion on Costa Rica's ability and willingness to comply with the organization's standards in tax matters. From a statement issued by Comex: Conference on Microfinance in GuatemalaWednesday, September 14, 2016 On October 3rd and 4th companies in Guatemala in the microfinance sector and other countries will meet to discuss the future of the sector and the new law. The Chamber of Microfinancers in Guatemala will be holding the Second Congress on Microfinance in Guatemala, on October 3 and 4 2016, which will be held at the Intercontinental Real Hotel. Regional Investment Bank OpensTuesday, March 1, 2011 The Network Co., a Central and South American investment bank, has completed $ 20 million in transactions since November 2010. The founders expect to close transactions for over $150 million in corporate purchases, financing and funds marketing over the next 3 months. Costa Rica: Banks restrict housing creditThursday, August 7, 2008 Because of fluctuations in the exchange and interest rates there is more reluctance to provide financing. After a period of credit surplus and very attractive financial conditions for borrowers, financial entities are now taking a more conservative position with regard to risk, and, in many cases, reducing the amounts that are financed through bank loans. Availability of Productive Financing AnnouncedFriday, January 20, 2012 The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year. A press release from the Ministry of Economy of El Salvador reads: Guatemala: More Tax Revenues at Beginning of 2013Friday, February 1, 2013 The Tax Authority reported an increase of 13.5% in January tax revenues compared to what was received during the same period in 2012. During January, the Superintendency of Tax Administration (SAT) reported Q4.390 million ($561 million) in tax revenues, which represents an increase of 13.5% compared to the amount collected in the same period in the previous year. Micro-financing in Central America 2009Tuesday, December 15, 2009 Analysis of the region's micro-financing industry in the past three years, plus the effects caused by local and global crisis in 2008. A report by REDCAMIF (Central American Micro Financing Network), describes how the industry behaved since prosperous times, when high levels of growth were recorded throughout the region and institutions become more and more self sustainable, up to 2008, when the different international and domestic crisis impacted Central America's economies, its businessmen, its formal financing system and its micro-financing industry. Growth in Securities BusinessWednesday, May 2, 2012 In Guatemala premiums total $23 million, and regionalization of economic activities has promoted fronting for international businesses. In 2011, securities generated an amount of Q177 million or about $23 million and for 2012 they are forecast to grow by 15% to 20%, said Andrew Sicily, president of Fianzas Universales to Prensalibre.com. Some effects of the financial crisis in GuatemalaFriday, September 19, 2008 This week, the news is about the continued crisis in the US financial sector and its impact on the economic sectors around the world. At the time of this writing, one of the main investment banks (Morgan Stanley) was about to enter negotiations for its purchase by a Chinese bank. Prudence and final crisisMonday, September 22, 2008 The dreaded recession in the US has proven to be a difficult phenomenon to forecast. One year ago most people were predicting that there would a slight recession and that it wouldn't last long. Some were predicting that by the second or third quarter of this year the US economy would be out of danger. With the passing of time, those who predicted a more serious scenarios seem to be right. Financial markets: futures contractsMonday, April 21, 2008 In the world of financial markets the price of futures contracts has been increasing at an accelerated rate. The best examples are primary materials whose prices have been affected directly or indirectly by high petroleum prices. In general terms, these contracts are valid agreements for the future delivery of a product at an agreed-upon price. All publicly traded contracts for a given month are identical; only the price is negotiated. Nicaragua Announces Value of Withheld SecuritiesFriday, April 11, 2008 The directors of the Banco de la Producción (Banpro) delivered to Judge Julio César Arias yesterday and to Special Prosecutor Armando Juárez two Negotiable Investment Certificates (Cenis) worth 16 million dollars, and a zero-coupon bond worth more than seven million dollars. They were to receive these securities between April and October of this year. Sources at Banpro said the first certificate, valued at eight million dollars, was to be cashed on April 15; the zero-coupon bond on July 15 and the other Cenis in October. |
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