June 7, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Guatemala [2] on June 6, 2022 and considered and endorsed the staff appraisal without a…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Bogota climbed 22 places in the Global Financial Centres Index
May 31, 2022 The most recent edition of the Global Financial Centers Index, considered one of the main references for decision makers in public policies and investors, highlights Bogota as one of…
Ground Broken to Mark Construction Phase of USD59.9M UK/CDB Road Upgrade Project in Belize
May 13, 2022 Representatives of the Government of Belize, the Government of the United Kingdom (UK) and the Caribbean Development Bank (CDB) broke ground to officially mark the construction phase…
Colombia: Financial Sector Assessment Program–Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
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…
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…