Panama "has ample liquidity"Banks in Panama have enough liquidity and are properly positioned to face the international credit crisis, the head of supervising the sector said on Monday.Tuesday, October 14, 2008 ![]() Olegario Barrelier, superintendent of Banks in Panama, said that liquidity in the banking sector in the country was close to 58% of deposits, with a manageable level of exposure to international markets that have been shaken by the US financial crisis. Source: Latin America Reuters Guatemalan banks ask for more liquidityNovember 2008 The local banking system started to feel the effects of the international financial crisis with credit restrictions in place from international correspondent banks. Guatemalan Government injects $275 million.November 2008 The Monetary Board in charge of directing macroeconomic policies of the country opened a special account in US dollars and placed it at the disposal of the private banks to help them acquire liquidity. Panamanian banking adjust credit conditionsOctober 2008 The rise in the cost of money, which was announced as an adverse consequence of the lack of liquidity on the global stage, is being felt in the country. El Salvador needs $1 billion to deal with the crisisNovember 2008 This is the amount that the Salvadoran Foundation for Social and Economic Development recommends getting in the contingency credit. |
![]()
|
español

