El Salvador: Dangerous Increase in Government DebtThursday, April 23, 2015 Instead of cutting back on spending, the State has once again called on the Legislature to approve borrowing another $900 million, which will bring total debt to a record of nearly $17 billion. Currently it is estimated that GDP is around $25 billion, meaning that state debt represents 68% of national production, excluding interest payments. Central America Fiscal Lens - 5th. EditionTuesday, October 1, 2013 Analysis of debt sustainability in Central America, economic growth, inflation, revaluation and management of the fiscal deficit. Central America Fiscal Lens No. 5 reported that gross domestic production in Central America in 2012 amounted to U.S. $184.000 million. The fastest growing economies were Panama, Costa Rica and Nicaragua. Plan to Improve CompetitivenessThursday, June 14, 2018 In Guatemala, the National Competitiveness Policy has come into force, which aims to promote development through 11 economic clusters. The Ministry of Economy reported that the National Competitiveness Policy, which is part of the 2018-2032 period, will focus on " ... the 11 clusters chosen from a list of 25 that had been previously identified, those being: forestry, fruits and vegetables, processed foods, beverages, textile clothing and footwear, metalworking, light manufacturing, tourism and health services, TIC's software & Contact Centers, transport and logistics, construction." Honduras has record export of coffeeMonday, September 22, 2008 Honduras exported a record amount of coffee, 4.5 million sack (46 kilograms each), during the harvest that started on October 1, 2007. "We are closing with more than 4.5 million sacks. This is almost 200 thousand sacks more than our projections and earnings are going to be over US$600 million," the president of the Central Coffee Cooperatives (CCC), Dagoberto Suazo, stated. Honduras Provides Record Rice HarvestMonday, November 22, 2010 Until the end of the year a harvest of 1 million 50 thousand bushels is expected. Data provided by the Rice Producers Association show a production record, comparable only to that of 1989. Panama nears limit for power generationThursday, May 15, 2008 Panama's electricity consumption continues to set new records that edge ever closer to maximum generating capacity. The National Dispatch Center reported that demand yesterday was the highest ever – 1,059 megawatts, compared with a capacity of 1,072 megawatts. Peruvian State Shipyard in PanamaMonday, February 17, 2014 Negotiations are taking place over a possible agreement between governments to grant a concession in the area to the company Servicios Industriales de la Marina de Perú. From a press release issued by the Ministry of Public Security in Panama: Fitch Warns Over Costa Rica's Fiscal DeficitThursday, September 4, 2014 The draft state budget for 2015 contains imbalances that will deepen the deficit, taking it to a record 6.7% of GDP. The persistence of high fiscal deficit, a faster deterioration than expected in the dynamics of public debt, which was already high, and increasing funding restrictions could put pressure on the sovereign rating of 'BB +' and its perspective, which so far is stable. Moody's Downgrades El SalvadorTuesday, November 8, 2016 Arguing a significant increase in liquidity risk and political divisions that are preventing approval of an issuance of long-term debt, the rating agency has downgraded the rating and changed the outlook to negative. From a press release issued by Moody's: Panama: Moratorium on Water Concessions ProposedThursday, April 23, 2015 A bill intends to declare a moratorium on the granting of concessions for water use across the country for a period of at least three years. From a statement issued by the National Assembly of Panama: Concession Cartel for Limón Port PublishedThursday, April 23, 2009 The cartel was published today in the Gazette, the official newspaper of Costa Rica, starting the concession process of the Limón Port. The cartel for the $812 million project, which was approved last week by the National Concession Council (CNC), is to be awarded this year. Government of Costa Rica Takes Out Loans It Doesn't UseTuesday, October 1, 2013 Interest and fees are paid for $781 million in outstanding loans, of which only $41 million have been used, 5% of the total. The country pays interest and fees for a total of nine loans that have hardly been used. "Up until August, the Government paid a total of $3.8 million in commitment fees and interest on loans that were first implemented in the last four years ...", reported Nacion.com. Costa Rica: Interest Rates Rise Due to Fiscal Deficit of 5.4%Thursday, January 23, 2014 Interest rates usually rise when there is pressure exerted by the Government raising money in colones to finance its deficit. 2013 ended with a deficit of 5.4%, a level not seen since 1995 and one which could lead to an increase in interest rates. Costa Rica: Businesses in Favor of the Concession SystemThursday, April 25, 2013 Concessions are still -if properly implemented- the ideal method for the implementation of large public works projects. From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (UCCAEP): Guatemala: $24 million for Housing ConstructionWednesday, July 4, 2018 V & T SA has been awarded a contract for the construction of a thousand houses, which will be delivered to those affected by the eruptions of the Fuego Volcano. On Monday, the Ministry of Communications awarded V & T S.A. the construction project, urbanization of the residential complex "La Dignidad", which will be located in the department and municipality of Escuintla. |
|