International Finance Corporation
in Central America
Tuesday, March 20, 2012
The World Bank will not participate in the financing of Minera Panama, even though the company has announced it will operate under the standards of the International Finance Corporation.
Minera Panama, a subsidiary of Inmet Mining, wants to gain new partners to capitalize on the copper mine that it operates in the province of Colon, with an investment of $4.32 billion.
Friday, March 16, 2012
The International Finance Corporation could cancel loans to companies operating in Panama, if the country does not meet the required standards on exchanging tax information.
The director for Mexico and Central America of the IFC, Roberto Albisetti warned that if Panama does not pass the next assessment they would have to suspend funding to Panamanian companies or holding companies established in the country, reported Prensa.com.
Thursday, February 16, 2012
The homogenization of logistics processes in the isthmus under "a regional vision" would improve competitiveness and increase trade volumes.
Central America could improve its competitiveness and increase trade volumes with the unification of criteria for logistics processes under "a regional vision," said an expert from the International Finance Corporation (IFC).
Thursday, July 28, 2011
The National Cooperative of Educators (Coopenae) will receive $30 million from the International Finance Corporation (IFC) for loans.
The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.
Wednesday, July 13, 2011
International financial entities will increase the amount of finance available for private businesses and projects in Latin America
The International Finance Corporation (IFC), the World Bank, the Inter-American Development Bank (IDB) and the American Investment Corporation (IIC) have announced their willingness to increase resources for the financing of "eco-friendly projects, infrastructure, agribusiness and even educational projects," developed by private enterprise.
Wednesday, March 23, 2011
The agreement will facilitate the provision of consulting services to regional governments to develop infrastructure projects with private participation.
This agreement seeks initiatives in renewable energy and other projects related to climate change, water treatment and solid waste management, health, education and transport.
Wednesday, March 2, 2011
ICF funds will support modernization of Boulevard del Oeste at the city of La Ceiba in Honduras.
The project will be performed by the Department of Public Works, Transportation and Housing covering 10 kilometers at an approximately cost of $ 50 million.
Monday, January 10, 2011
The International Finance Corporation (IFC) will acquire up to 15% of the assets of the Guatemalan insurer.
The capital will be used to develop a model of "Bancassurance", which will market the insurance products through the network of branches owned by Banco G&T Continental, a sister company of the insurer.
Thursday, December 2, 2010
The IFC approved a loan for Financiera Integral, designed to provide credit to Small and Medium Enterprises.
The funds will also be used for granting loans for housing and agriculture.
"In 2009, the company gave credit for 41.255 different areas, an amount less than that recorded in 2008 when loans were granted for 53.618 different areas," reports the article in Elsalvador.com.
Monday, November 8, 2010
It was determined that the best option for the port terminal is to have 100% private administration.
This was revealed by the report issued by the International Finance Corporation (IFC), according to the Executive Port Commission (CEPA) in El Salvador.
Monday, November 8, 2010
The IFC will provide $ 50 million and mobilize an additional $ 140 million to support the construction of a new geothermal power plant.
This plant is the largest project in Nicaragua in over 25 years in this sector. This initiative will foster the generation of renewable energy, expand electrification and help reduce the country's dependence on imported fuels.
Wednesday, October 27, 2010
IFC made a $ 3 million investment and an additional $ 2 million for YellowPepper company in Panama.
The investment will support expansion of mobile banking and access to financial services in Latin America.
Friday, October 22, 2010
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.
Tuesday, October 19, 2010
IFC will finance part of $ 44 million in road repairs in Tegucigalpa and Comayaguela.
The money will be channeled through three local banks: Ficohsa, Atlantida and Banco de Occidente, covering 36% of the $ 44 million credit loan the municipalities have with these banks.
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