Finance
in Central America
Friday, February 3, 2012
The Guatemalan company Central America Beverage (Cabcorp) will release bonds worth $150 million on the U.S. market next week.
For the second time the company is to issues securities in international capital markets. The first time the issuance, rated BB, Ba2 and BB + by the rating agencies Standards & Poors (S & P), Moody's Investors and Fitch Ratings respectively, was acquired by Citigroup Global Market Inc.
Thursday, February 2, 2012
This is the maximum amount allowed by law and the first issue will be on February 13th .
Guatemala's government plans to place up to Q 2,500 million ($ 320.1 million) in treasury bills in 2012, announced the Ministry of Public Finance (Minfin). The first release will take place on February 13th .
Tuesday, January 31, 2012
The increased demand for bank credit from consumers and businesses plus the financing needs of the government, is putting pressure on the capital market and interest rates.
The competition for liquidity can be seen in the activity of the National Stock Exchange, where the amounts being released on the exchange are increasing because of the concurrence of the state banks - Banco de Costa Rica, Nacional and Popular, and of private banks like Scotiabank, and by other entities such as Grupo Mutual y la Compañía de Fuerza y Luz.
Tuesday, January 31, 2012
Panama is looking for expressions of interest for the procurement of consulting services for strategic planning and budgeting.
A statement from the Ministry of Economy and Finance states that:
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.
Friday, January 13, 2012
Authorities state that foreign agents are showing confidence in the rise of the Panamanian economy and its prospects.
Savings from foreign clients in the financial system in Panama increased by almost 19% last year compared to 2010.
Friday, January 6, 2012
The total amount traded on the Panamanian Stock Exchange (BVP in Spanish) at the end of 2011 was $3.365 million, 27.5% more than in 2010.
A statement from the BVP said that the total amount traded was $1,377 million in releases of corporate bonds and $1,243 million in state certificates.
Tuesday, January 3, 2012
On January 11, 2012 the Law on Promotion and Regulation of Microfinancers comes into force.
From 2009 up to 2011 the global financial crisis and the local crisis has negatively affected the microfinance sector, which has generated successive losses.
Wednesday, December 14, 2011
The proposal argues that, just as there are rules that help over-indebted companies, individuals must have a system allowing them to get out of financial insolvency.
The preliminary draft of the Family Insolvency Law for Latin America and the Caribbean will be studied from January by consumer associations and representatives from the commercial, banking and finance sector in Panama.
Tuesday, December 13, 2011
The government wants to reform the law so that it can use the $1,300 million for infrastructure and strategic projects within the country.
98% of assets in the Trust Fund for Development (FDD), are held outside of Panama, giving low yields: 6.02% in 2010, and 4.19% in 2011.
Monday, December 12, 2011
The application of internationally used theoretical models by emerging countries is like "precision measuring with a ruler, drawing with a pencil and cutting with an axe."
"According to various surveys on international financial policies and practices, the most commonly used to estimate the cost of shareholders’ resources is the Capital Asset Pricing Model , known as CAPM for short."
Thursday, December 8, 2011
Economy and Development Report by CAF - Development Bank in Latin America -entitled Financial Services for development: promoting access in Latin America.
From the introduction of the first chapter of the report:
Friday, December 2, 2011
In the last 11 months, 4 projects have netted $37 million using this mechanism.
Municipalities and schools are some of the entities that have used, successfully, sales of bonds backed by income streams, in order to finance their projects.
This has been revealed from data from the Salvadoran Stock Exchange which announced that to date, more than $37 million has been raised using this method of financing.
Wednesday, November 30, 2011
The loans are intended to support pension system and financial sector reform, and to help the country cope with natural disasters.
The Inter-American Development Bank (IDB) has approved three loans to Honduras for a total of $180 million to support reforms to the pension system and financial sector, and to help the country cope with natural disasters.
Tuesday, November 29, 2011
With the implementation of the statute of limitations, more than 1.6 million records have already been wiped.
Two years ago the Panamanian Credit Association began implementing the statute of limitations, which applies when a consumer so requests, seven years after having made the last payment on any commitments they had.
The law, enacted in 2002, states that the requirement also applies to consumers who haven’t finished paying or have not made any payments and have waited seven years.
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