May 13, 2022 There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
IMF Executive Board Concludes 2022 Article IV Consultation with Belize
May 10, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Belize and endorsed the staff appraisal without a meeting on a lapse-of-time basis. [2]…
Colombia:Request for an Arrangement under the Flexible Credit Line and Cancellation of the Current Arrangement – Press Release; Staff Report; and Statement by the Executive Director for Colombia
May 3, 2022 Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt…
Guatemala: Staff Concluding Statement of the 2022 Article IV Mission
April 12, 2022 The Guatemalan economy rebounded strongly in 2021 and should return to its pre-pandemic growth trend in 2022. The banking sector remains solid overall with pandemic-related measures appropriately…
UPDATE ON DIGICEL PANAMA
April 8, 2022 Digicel Group Holdings Limited (“DGHL“) today announces that Digicel Panama S.A. (“Digicel Panama“) intends to apply for voluntary liquidation and withdraw from the telecommunications market in Panama. This…
Colombia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Colombia
April 5, 2022 Colombia’s economy rebounded strongly in 2021 with 10.6 percent growth led by pent-up domestic demand, notably private consumption. Around 66 percent of the population is fully vaccinated…
Colombia: Financial System Stability Assessment
April 5, 2022 The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly in 2021. The banking system has so far weathered the shock well,…
Costa Rica Prioritizes Public Health
By Analisa Bala April 1, 2022 Editor’s note: This article first appeared in the most recent issue of Finance & Development. Pura vida, the “pure life.” It’s an expression you’ll often hear in Costa…
IMF Executive Board Concludes 2022 Article IV Consultation with Colombia
March 29, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia [2] on March 25, 2022. This also included a discussion of the findings of…
IMF Executive Board Completes the First and Second Reviews Under Costa Rica’s Extended Arrangement under the Extended Fund Facility; and Approves Extension of the Arrangement and Rephasing of Access
March 29, 2022 The IMF Executive Board concluded today the combined first and second reviews under the Extended Fund Facility (EFF) for Costa Rica, allowing for an immediate disbursement equivalent…
Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
March 29, 2022 On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of…
GEB improving the supply of reliable affordable electricity to Colombian consumers.
March 15, 2022 Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second…