January 27, 2023 IDB Invest and Liberty Costa Rica announced the international issuance of a Sustainability-Linked Bond (SLB) as part of a $450 million financing package to increase digital access…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Colombia Promotes More Efficient and Sustainable Energy in Caribbean Region with IDB Support
January 24, 2023 The Inter-American Development Bank (IDB) approved a $34.5 million loan to finance an energy efficiency program for the residential and public sector in the Caribbean coast area…
Guatemala to Revamp Northern Road Corridor with IDB Support
January 24, 2023 The Inter-American Development Bank (IDB) has approved a $175 million loan to widen approximately 35 kilometers of the El Rancho–Teculután section of northern Highway CA-9 in Guatemala.…
CDB Approves US$5 million for Belize Agriculture Project
January 6, 2022 A multimillion dollar project to improve agricultural productivity and resilience for small farmers in rural Belize, is receiving a US$5 million injection in funding from the Caribbean…
Belize’s cacao industry to expand exports and improve livelihoods through Standby Facility project
January 6, 2023 Cocoa beans are a highly traded product and the main ingredient in chocolate manufacturing. According to the latest Global Chocolate Market Report the industry was valued at…
Costa Rica and Guyana lead region in FDI says ECLAC
By: Staff Writer December 6, 2022 The Economic Commission for Latin America and the Caribbean (ECLAC) in its latest Foreign Direct Investment Report for Latin America and the Caribbean (LAC)…
RAISING THE CARIBBEAN’S ENERGY ACCESS, ELECTRICITY FOR ALL
By: Kimberly Ramkhalawan November 25, 2022 kramkhalawan@caribmagplus.com The Caribbean when compared to other parts of the world, has 90 percent electricity. However, there still remains a disparity in accessing electricity…
Costa Rica to Tackle Climate Change with New Resilience and Sustainability Facility
November 18, 2022 Costa Rica has been a pioneer in greening its economy, and its efforts to fight climate change and restore ecosystems have earned the country international recognition. But…
Nicaragua: Staff Concluding Statement of the 2022 Article IV Mission
November 18, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, held virtual discussions during November 3-4, and visited Managua during November 7-15 for…
IMF Executive Board Concludes the Third Review of Costa Rica’s Extended Fund Facility and Approves the Request for the Resilience and Sustainability Facility
November 15, 2022 The Executive Board of the International Monetary Fund (IMF) completed today the third review of Costa Rica’s economic reform program supported by the IMF’s extended arrangement under…
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022 Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank. The…
IDB Invest, Bancolombia Announce the Region’s First Sustainability-Linked Bond Issued by a Bank
October 28, 2022 Funds will help more than 1.5 million low-income unbanked people and help reduce CO2 emissions IDB Invest and Bancolombia announced the first sustainability-linked bond, or SLB, issued…