Panama's Public Debt Rises 5.6%Tuesday, January 11, 2011 Preliminary figures indicate public debt in 2010 closed at $ 11.585 million, $ 613 million more than in 2009. If the data is confirmed, the 5.6% increase would be the largest reported since 2004. Guatemala: Lack of Public Works Affects Construction SectorThursday, August 5, 2010 The lack of state resources to pay contractors means public works remain paralyzed. In addition to this the private sector continues to struggle with less houses being built in recent months. Nicaragua: Public Processes will be SimplifiedMonday, June 8, 2009 The legislation that intends to simplify and expedite all the procedures of the public sector has passed to the National Assembly for its approval. The initiative, which is based on the experience of the implementation of the ‘Ventanilla Única de Inversiones,’ already was approved by the Commission on Production, Economy and Budget, and mainly seeks to diminish the time and the costs designated for public processes. Honduras: Purchase of LED LampsTuesday, June 6, 2017 Empresa Nacional de Energía Eléctrica has announced that it wishes to buy 100 thousand LED lamps for the public lighting system. Jesús Mejía, the entity's manager, explained to Elheraldo.hn that the purpose is to replace the existing sodium vapor lamps. Guatemala: More Debt, But More InvestmentWednesday, August 9, 2017 The Morales administration plans to increase indebtedness next year, but with the objective of generating a "shock" of growth in investment in public infrastructure. In the 2018 budget, the Ministry of Finance plans to increase indebtedness and consequently the fiscal deficit, but with the purpose of increasing investment in road infrastructure, such as roads and bridges. In the 2018 draft budget, the debt ceiling could reach $11.9 billion. Spending on Public Wages Up 12%Tuesday, July 31, 2018 Between January and June, the Panamanian State disbursed $1.915 billion in salaries to public officials, 12% more than the $1.708 billion reported in the first semester of 2017. The Office of the Comptroller General of the Republic reported that the cumulative gross salary of the Public Sector payroll in June 2018 amounted to $333.3 million, of which $312.2 million corresponds to permanent officials and $21.1 million to interim staff. Guatemala: $736 million Budgeted for Public WorksThursday, September 8, 2016 The budget proposed by the Morales administration for 2017 includes $736 million to develop 2,500 public infrastructure projects. Water and sanitation works, road construction and renovation, and rehabilitation of prisons and hospitals are some of the projects included in the budget submitted by the Executive for 2017. Public-private Partnership Law in PanamaTuesday, June 28, 2011 The government wants the private sector to be more involved in the development of infrastructure and services normally provided by the state. The project to draft the law establishing a system of public-private partnership (PPP) is now being studied by the Panamanian National Assembly. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Frontline Communications, Inc. Company Profile
This firm provide services in Public Relations, Marketing, Events, Visual Design and Web; to local, multinational and global clients. Public-Private Partnerships Needed in Costa RicaMonday, February 11, 2013 The Costa Rican government currently lacks the ability to solve, by itself, the problem of public infrastructure that has been neglected for many years. An opinion piece by Carlos Camacho, published in Elfinancierocr.com highlights the delay in addressing problems in Costa Rica public infrastructure, a problem that directly affects the country's competitiveness, and gives the example that in the Competitiveness Report by the World Economic Forum 2012-2013, Costa Rica in infrastructure "received a score of 3.8 out of 7, and on the same subject in the overall ranking was ranked 74 out of 144, however, in the category of ‘Road Quality', Costa Rica was ranked 131 out of 144, and in 'Port Infrastructure ', 140 out of 144. Infrastructure is the second most problematic factor for doing business in the country, just ahead of the problem of state bureaucracy. " Guatemala's Debt, Manageable Now, is Unsustainable Long TermFriday, April 12, 2013 The president of the Bank of Guatemala, Edgar Barquin warned that "In a decade, the debt level will be critical." Guatemala's foreign debt currently amounts to 25% of gross domestic product (GDP), and it appears to be far from the critical point, which is indicated by 40% of GDP. PPPs to Boost the EconomyMonday, June 10, 2019 For Panama's business sector, public-private partnerships are contracts that, if properly implemented, could promote the dynamism of the economy and at the same time diminish the fiscal pressure on the State budget. The Chamber of Commerce, Industries and Agriculture of Panama has promoted since the beginning of the current government administration, a draft bill that creates the Public-Private Partnership Regime (PPP), given that this document would promote the development of the country, explained the business guild through a statement. Free Way for PPP LawThursday, September 12, 2019 In Panama, in the third debate, the bill creating the Public-Private Association regime was approved, which in its latest version set limitations on companies accused of acts of corruption. According to the text approved and awaiting the approval of the Executive, companies that are delinquent in the payment of fines for breach of contracts, will also have limitations to participate in these public concession model. |
|