February 23, 2021 Biomerics, a leading mid-market medical device contract manufacturer, announced it is doubling its manufacturing footprint in the La Zeta Free Trade Zone in Cartago, Costa Rica. Biomerics…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Colombia: Navigating the Pandemic and High Uncertainty, while Securing the Recovery
By: The International Monetary Fund February 16, 2021 Faced by a pandemic that led to the largest recession on record—with vulnerable groups particularly affected—Colombia used the flexibility afforded by its…
Houston based logistics firm to get oil and gas transport concession from Colombia!
February 12, 2021 The Colombia National Infrastructure Agency Grants 30-Year Port Concession To SeaOne Holdings. SeaOne Holdings, LLC , which is developing various projects for the delivery of U.S. produced…
Canadian firm extends MOU in Panama hydro project!
Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, announced today that…
UN Commission projects a 20% drop in regional trade for Caribbean!
By: Staff Writer February 5, 2021 Regional trade for the Caribbean is projected to fall by 20 percent in a “worrying” report from the United Nations Economic Commission for Latin…
PriceSmart Announces Plans to Open Ninth Warehouse Club in Colombia- Expects 50 Clubs in Operation by Spring 2022
Membership warehouse, PriceSmart, Inc., announced that it plans to begin the construction of its ninth warehouse club in Colombia, which is anticipated to open in the fall of 2021. With…
IMF Reaches Staff-Level Agreement with Costa Rica on a Three-Year Extended Fund Facility and Completes 2021 Article IV Discussions
By: IMF January 22, 2021 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement…
IMF Executive Board Approves US$2.7bn Precautionary and Liquidity Line for Panama to Address COVID-19
By: IMF January 22, 2021 The Executive Board of the International Monetary Fund (IMF) approved today Panama’s request for a two-year arrangement under the Precautionary and Liquidity Line (PLL) for…
Precautionary Credit Line Provides Panama with Crisis Insurance
By: IMF January 22, 2021 After over two decades of record high growth, Panama is facing a sharp economic contraction following months of pandemic-related lockdowns. With support from the IMF,…
Guyana president slams Venezuela’s Maduro over disputed oil territory
By: Staff Writer January 12, 2021 President of Guyana, Dr. Irfaan Ali, Saturday responded sharply to Venezuela’s President Nicolas Maduro who, on Thursday, escalated rhetoric that Essequibo, which comprises almost…
International mining group to extend gold assets in Colombia
By: Staff Writer January 12, 2021 Orea Mining Corp is very pleased to announce the signing of a Binding Letter of Intent (“BLOI”) to acquire gold projects with an existing…
Shell hails 50% stake in Colombian Oil Company as opportunity!
By: Staff Writer January 1, 2020 Shell hails Ecopetrol 50 percent stake as “opportunity” to bring its technical know-how to Colombia to help build the offshore drilling sector. Cynthia Babski,…