Economics
in Central America
Thursday, February 2, 2012
The consumer price index shows a variation of 0.17% for the month of January, reported the Institute of Statistics and Censuses
A press release from Statistics and Census states:
Thursday, February 2, 2012
A website will allow senders to compare the costs of their remittances from the U.S. to Central America, encouraging competition between providers of such services.
The Center for Latin American Monetary Studies (CEMLA), the Multilateral Investment Fund (MIF), a member of the Interamerican Development Bank (IDB) and World Bank today (Thursday 2 February) launched enviacentroamerica.org, a free online tool that can be used to compare and make transparent the costs of remittances from the United States to six Central American countries and the Dominican Republic.
Thursday, February 2, 2012
This is the maximum amount allowed by law and the first issue will be on February 13th .
Guatemala's government plans to place up to Q 2,500 million ($ 320.1 million) in treasury bills in 2012, announced the Ministry of Public Finance (Minfin). The first release will take place on February 13th .
Wednesday, February 1, 2012
The Macroeconomic Programme 2012-2013, submitted by the BCCR indicates, for 2012, a national economic growth of 3.8% instead of 4% due to non approval of the reform.
A report by Aldesa published in Pulso Bursatil states that:
The Macroeconomic Program 2012-2013, released today by the Central Bank of Costa Rica (BCCR) is closely linked to the tax reform, indicating that in 2012 the economy will grow by 3.8% instead of 4% due to the non-approval of the reform. In addition, the agency notes that, for the same reason, in 2013 it is expected to grow by 3.5% and not 4.5%, as originally planned.
Tuesday, January 31, 2012
A monthly report has been released giving the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, tax revenue.
The Consumer Price Index (CPI) registered an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the
Tuesday, January 31, 2012
Acting like an invisible barrier, inflation prevents benefits of the growth revealed by macroeconomic indicators from reaching the general population.
Panama's economy has been growing at an average of 8.9% since 2006, reaching a spectacular 10.5% in 2011.
Monday, January 30, 2012
The debacle that has befallen Greece has been no impediment to its former Prime Minister Papandreou, who is touring the world giving advice on government and economy.
Public policy analyst Juan Carlos Hidalgo on his blog ‘Por la libre’ on Elfinancierocr.com offers an analysis of the Greek crisis and the accuracy with which the current government of Costa Rica is following in the footsteps of the failed Georgious Papandreou’s government.
Friday, January 27, 2012
The initiative seeks to build a national agenda based on agreements and actions to be implemented to solve problems that have driven back the country's global competitiveness.
A press release from the Salvadoran Federation for Social and Economic Development(Fusades) reads:
The main feature of the process, will be to join efforts between the private and public sector to harness the potential of El Salvador to grow in its ability to participate in the global economy.
Wednesday, January 25, 2012
The Salvadoran Foundation for Economic and Social Development, Fusades, has presented a report entitled "Legal and Institutional Situation" for the second half of 2011.
The Department of Legal Studies, DEL, this morning released the Report of Legal and Institutional Situation of the second half of 2011, by which the legal and institutional activity in the country is systematically tracked. The report aims to contribute to the national discussion with new inputs to make public policies better, improving the business climate and strengthening democratic institutions.
Wednesday, January 25, 2012
First Economic Situation Report 2012 has been issued by the Nicaraguan Foundation for Social and Economic Development.
Executive summary of the report by FUNIDES:
External Environment
The growth of world economy and in particular in the advanced economies in 2011 was lower than anticipated. The latest estimates from the Economist 1 Intelligence Unit (EIU, December 16, 2011) forecast a global economic growth of 3.8 percent for 2011 and 3.2 percent for 2012. These projections are lower than the 4.5 percent initially estimated by the IMF for 2011-2012.
Friday, January 20, 2012
The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.
A press release from the Ministry of Economy of El Salvador reads:
Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.
Thursday, January 19, 2012
Natural disasters and other factors have influenced the situation in 2011; agreements with the IMF are to be reviewed.
Salvadoran state expenditures were $900 million more than the total revenues in 2011, according to preliminary estimates by the Ministry of Finance in December (MH), reported the online edition of La Prensa Grafica.
The fiscal deficit is equivalent to 4.2% of the gross domestic product (GDP), said the head of the ministry, Carlos Caceres. "The adjustment has been very large. We hope to reduce it to 4% when the information from December is consolidated, " said Caceres.
Tuesday, January 17, 2012
A report has been released showing the leading economic indicators, focusing on December 2011.
Development Foundation of Guatemala FUNDESA
Monday, January 16, 2012
The European Commission (EC) predicts that for the next eight years the prices of agricultural commodities will remain high.
According to a report by the EC, global food demand, the development of the biofuel sector and the a drop in crop production are contributing factors.
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