españolDominican Republic: $8 million for Cocoa ProductionTuesday, June 19, 2018 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." $28 million Backing for AgricultureMonday, June 18, 2018 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. Guatemalan Debt Rating ConfirmedMonday, June 18, 2018 Citing a long history of fiscal and monetary policy characterized by prudent management, the rating agency Moody's maintained the country's credit risk rating in Ba1. From a statement issued by the Bank of Guatemala: Another Bad Rating for NicaraguaFriday, June 15, 2018 Moody's has changed the rating outlook from positive to stable, citing the economic impact of the rupture of the consensus model for a national dialogue. From a statement issued by Moody's: El Salvador: Debt Rating ConfirmedThursday, June 14, 2018 Fitch Ratings has kept the debt rating in foreign currency at "B-", arguing that political tension has been reduced following the pension reform approved in October last year and the budget passed in January of this year. Fitch Ratings-New York-13 June 2018: Fitch Ratings has affirmed El Salvador's long-term, foreign-currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. $1.3 billion Sought for Fast TrainWednesday, June 13, 2018 The government of Costa Rica wants to develop the project with the help of a private partner, who would contribute $1.3 billion for construction, among other things, of the new railway, wiring, tunnels and monitoring systems. The project to build a rapid train service connecting Alajuela to Cartago, and which would fix the transportation problem affecting the Greater Metropolitan Area, requires a total investment of close to $2 billion, of which $1.3 billion would have to be contributed by a private company, through means of a concession for both the construction and operation of the line. Plan to Issue Bonds in ChinaMonday, June 11, 2018 The Panamanian issue of $500 million in "Panda" debt securities could be made in the course of the second half of the year, in the Chinese capital market. With this issue, the Panamanian government plans to take advantage of the most favorable financing conditions offered by the Chinese securities market, compared to the local market and even other developed markets. $31 million Reconstruction Works AnnouncedThursday, June 14, 2018 Following the disasters caused by the Fuego Volcano in Guatemala, authorities stated that they will be investing $31 million to recover a 17-kilometer stretch of road. Representatives from the Ministry of Communications, said that the works to renovate the highway section of the RN14 route, will have an approximate duration of 18 months. State Telecom Figures ImproveWednesday, June 13, 2018 After two consecutive years with falls in revenues, last year the Costa Rican Electricity Institute reported revenue of $1.028 billion, 3% more than in 2016. The revenues of the telecommunications sector of the Costa Rican Institute of Electricity (ICE) registered an increase last year, which is explained by better performance in the telecommunications wholesalers segment, which corresponds to services coming from the relationship of the ICE with other operators. Negative Outlook for Nicaragua's DebtMonday, June 11, 2018 S & P has downgraded from stable to negative the rating outlook due to lower growth and weaker fiscal expectations in light of political turbulence. From the summary of the S & P Global Ratings report: Private Credit Up 6% up to March 2018Monday, June 11, 2018 Mortgages and personal loans were largely responsible for the increase in domestic credit to the private sector, registered between March 2017 and the same month of 2018. The most recent figures from the Superintendency of Banks reported that in the third month of the year the private sector's credit portfolio totaled $51.668 billion, which is equivalent to an increase of 6.2% compared to the $48.665 billion reported up to March 2017. Panama: $75 million for Customs ModernizationMonday, June 11, 2018 The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts. According to a decree published on June 5 in the Official Gazette, " ... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB) has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)." $20 million Issued in Debt for Real Estate ProjectMonday, June 11, 2018 Inversiones Simco has placed the first $12 million of $20 million it expects to issue in the Salvadoran securities market, to finance part of the Millennium Plaza mixed-use project. The securitization fund called Millennium was structured by Ricorp Titularizadora and amounts to $20 million. However, initially $12 million has been placed and the remaining funds will be raised as the works progress. China - Dominican Republic Trade PromotionMonday, June 11, 2018 The embassy of the Asian country in Santo Domingo will focus on attracting Chinese investors and offering facilities for Dominican entrepreneurs to develop their business in China. Fu Xinrong, Chargé d'Affaires at the Diplomatic Mission, informed Eldinero.com.do that "... El Salvador: $170 million for Hospital WorksFriday, June 8, 2018 The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system. The Legislative Assembly reported that " ... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa." |
|
Thursday, June 21, 2018 - last update: 6:19 pm
|
|
2393