Guatemala Begins Public-Private PartnershipsWednesday, October 5, 2011 The inclusion of private companies in the development of the country's infrastructure is expected to improve competitiveness. Roads, ports and airports are some of the works which from now on can be developed by private companies together with the state. Guatemala Seeks International InvestorsThursday, November 17, 2011 The Guatemalan government is committed to public-private partnerships that encourage investment in infrastructure. Airports, ports and national highways could be built with input from the private sector through the creation of the new Council for the Promotion of Public-Private Partnerships, which aims to stimulate infrastructure projects crucial for the economic development of the country. El Salvador Among the Most Indebted Countries in Latin AmericaTuesday, July 19, 2011 The country is in fourth place behind Uruguay, Brazil and Nicaragua. The findings are based on a classification by the Central Intelligence Agency (CIA) of the United States and the International Monetary Fund (IMF). Tenders for Infrastructure and MonitoringThursday, May 3, 2012 The National Registration Center of El Salvador is inviting bids for the property renovation of administrative offices and consulting for project supervision. There are two international tenders: A Sovereign Fund for GuatemalaThursday, July 5, 2012 In order to accommodate the financing of major infrastructure projects, the government is proposing the creation of a fund made from oil and mining royalties, and contributions from state enterprises. According to Ricardo Barrientos, the former deputy minister of Finance in the previous administration, "The idea is good but it needs more discussion." El Salvador: Red Tape Slows Down ReconstructionTuesday, July 6, 2010 An inefficient public purchases law has delayed the reconstruction of damaged public infrastructure. Government authorities and companies are blaming the excessive red tape in the public purchases law (known as LACAP), as the main culprit for the slow reconstruction of public infrastructure damaged by tropical storms Agatha and Alex. Guatemalan National Treasury Foresees $494 Million LessFriday, March 13, 2009 The Guatemalan Government will collect $494 million less in taxes in 2009 and the national budget could be reduced to $5.562 billion. It was reported in the Prensa Libre website: "To meet the revenue decline for the budget, the government is already prepared with four scenarios: the first would be to reduce public spending, the second to search for internal or external credit, the third to increase revenues via taxes, and the fourth could be a combination of the previous three." Guatemala to Issue $225 Million in public debtThursday, April 2, 2009 The government asked Congress to increase public debt by $225 million to finance the budget. Currently, the Executive Branch may issue up to $171 million. If the increase is approved, the number would reach $394 million. Price rises in Panama affect public works contractsThursday, June 26, 2008 Increases in the cost of construction materials and high demand have combined to raise the cost of Panama's public works projects. "The original works contracts did not include adjustment clauses to offset rising prices," said Public Works Minister Benjamín Colamarco. El Salvador: Limits on Public DebtMonday, November 13, 2017 The law reform proposal put forward by the private sector includes the establishment of fiscal rules and multiannual budgets, among other changes. The National Association of Private Enterprise (ANEP) explained that this initiative is part of a first phase of proposals that will be presented to the Sánchez Cerén administration in the coming months. Renovation of Panama's National Assembly BuildingMonday, September 22, 2014 An announcement has been made that $12 million will be allocated for the reconstruction of the Justo Arosemena legislative building in Panama City. The chairman of the Legislative Committee on Infrastructure, Deputy Jose Antonio Dominguez, told Prensa.com that "... they will recommend the total renovation of the old building so that they can house there all of the working committees currently operating in the reverted areas. " Tender for Construction Materials for $8.5 millionTuesday, November 4, 2014 The Instituto Costarricense de Electricidad is putting out to tender the acquisition of materials for the construction of distribution lines for street lighting. Government Purchase Costa Rica 2014LI-000010-PROV: Panama: 2012 Budget is $14,000 millionWednesday, July 20, 2011 The Ministry of Economy will present the state budget for fiscal year 2012 amounting to $14,000 million. The budget for 2012 is $1,000 million more than in 2011 and $3,425 million more than the year before that, 2010. Record Budget in PanamaWednesday, October 5, 2011 The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history. The beneficiaries are ministries of the Presidency with $881 million and the Public Works with $723.4 million. The amounts allocated to the Ministry of Health are $538 million and $218 million for Education. Guatemalan NGOs Won’t Execute Public WorksWednesday, April 7, 2010 The Government announced it will not use Non-governmental Organizations for developing public infrastructure or supplying materials. This is part of a series of actions taken by authorities to increase transparency in public spending, which also includes creating a citizen watchdog and controlling public works executed by municipalities and development councils. |
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