External funding
in Central America
Monday, December 13, 2010
Banco Internacional de Guatemala joined the Trade Finance Facilitation Program (TFFP) of the Inter-American Development Bank.
Through this program, the IDB provides guarantees and loans to cover the various types of guarantees required by international trade transactions.
Tuesday, August 17, 2010
Between January and the first week of August 2010, the level of private capital increased from $6.8 to $7.4 billion.
According to information from the Guatemalan central bank, Banguat, the total for the period to August 2010 is $591 million higher than the same period last year, representing an 8.7% increase.
Tuesday, May 26, 2009
Cofidis Spanish finance company will provide $25 million in financing for Spanish companies with Guatemalan capital.
Rafael Briz Méndez, president of the Spanish Chamber of Commerce of Guatemala (CAMACOES), reported that this line of financing is also extended to joint venture companies.
Friday, April 24, 2009
The Honduran Government needs $110 million in financing for construction of El Tablón dam on the Chamelecón River.
While the dam would generate only 20 megawatts, the authorities of the Executive Committee of Valle de Sula (CEVS) visualize the project as a "magnificent protection project for the Valle de Sula," given that "it will serve to regulate flow, generate electricity and provide drinking and irrigation water."
Monday, April 20, 2009
Multibank has become the third bank to join the Panamanian Facilitation of Foreign Trade Financing Program (TFFP).
Through TFFP, the IDB offers guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in International Trade transactions.
Thursday, March 19, 2009
The new government of El Salvador faces a difficult economic reality
El Salvador elected a new president on March 15. Mauricio Funes of theFMLN party will take the presidency in what appears to be a difficult adjustment period for the global economy and particularly for El Salvador because it will have to face a disproportionate impact from the US recession and narrow external liquidity conditions.
Wednesday, March 18, 2009
China will finance a high technology development center which will feature a business center, shopping area and data center.
The governments of both countries are already working on the design of the complex estimated at a cost of $65 million.
According to Nacion.com, the Chinese ambassador in Costa Rica, Wang Xiaoyuan, reported: "We reached an agreement for China to give consultation on the park. The idea is a development zone with research and production to attract investment."
Thursday, March 5, 2009
They are calling out for an agreement to be signed with the IMF and for adjustments in the application of the new minimum wage rate and in the anti-crisis plan announced by the government.
The Honduran Council of Private Enterprise (COHEP) requested the government to confront the crisis that is already affecting Honduras, and to stand a the forefront of a joint effort among all the national sectors, stressing the need to reach a stand-by agreement with the International Monetary Fund. This would allow Honduras access to credit lines for countries in a precarious condition.
Monday, March 2, 2009
Seven strategies that, applying Darwinian maxims, Guatemalan businesses are implementing in order to overcome these times of crisis.
An article by Louisa Reynolds in Elperiodico.com.gt details different strategies that Guatemalan entrepreneurs are carrying out in trying to be more creative in order to take advantage of any new opportunities that may arise.
Tuesday, June 3, 2008
Panama has launched an offer to swap US$500 million of its bonds with maturities in 2011 and 2012 for cheaper, 20-year titles.
The 2011 and 2012 bonds have a coupon of 9.625 percent and 9.375 percent respectively. The new paper has a 9.735 percent coupon.
español
992