December 5, 2023 The Government of Costa Rica announced today the creation of a Public-Private Partnership (PPP) Project Preparation Facility (PPF) to leverage public and private sector resources to develop…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Panama president directs First Quantum to shut copper mine after court ruling
December 1, 2023 Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its…
Nicaragua: Staff Concluding Statement of the 2023 Article IV Mission
November 24, 2023 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, visited Managua during November 6-17 for the 2023 Article IV Consultation. The team met…
IMF Staff Concludes Visit to Honduras
November 14, 2023 An International Monetary Fund (IMF) team led by Ricardo Llaudes and supported by resident representative Christian Henn visited San Pedro Sula and Tegucigalpa, Honduras, during November 5-9,…
Costa Rica: Staff Concluding Statement of the 2023 Article IV Mission, Fifth Review under the Extended Fund Facility, and Second Review Under the Resilience and Sustainability Facility Arrangement
October 31, 2023 An International Monetary Fund (IMF) staff team, led by Mr. Ding Ding, visited San Jos é during October 18–27. The staff team held discussions on the 2023 Article…
Panama Canal WARNING: Don’t travel through with large payloads!
By: Staff Writer October 17, 2023 The administrator of the Panama Canal Authority (ACP) said that they are giving ships wishing to pass through the zone 21 days of lead…
Honduras: 2023 Article IV Consultation and Requests for an Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras
September 26, 2023 The Honduran economy has shown remarkable resilience to various domestic and external shocks over 2020-22, and real GDP is now around 6 percent above pre-pandemic levels supported…
IMF Executive Board Approves US$822 Million Arrangements Under the Extended Fund Facility and the Extended Credit Facility for Honduras and Concludes 2023 Article IV Consultation
September 26, 2023 The Executive Board of the International Monetary Fund (IMF) approved today an SDR 416.3 million (about US$548 million) arrangement under the Extended Fund Facility (EFF) and an…
IDB Approves $100 Million to Support Vulnerable Population in El Salvador
September 22, 2023 The Inter-American Development Bank (IDB) approved a $100 million program to support the vulnerable population in El Salvador who face adverse impacts. El Salvador is the third…
Country Report No. 2023/313 : Colombia: Technical Assistance Report—Assessment of Financial Stability Report
August 29, 2023 The financial stability report (FSR) of the Banco de la República of Colombia (BR) provides broad coverage of macroeconomic environment and the assessment of risks in the…
Panama Canal drought traps 200 plus ships!
By: Staff Writer August 25, 2023 The Panama Canal Drought has trapped over 200 ships in its muddy slush, some unable to move for over three weeks. Climate change is…
MPC Energy Solutions’ results for the first half of 2023 surpass full-year numbers reported for 2022; new development activities in Panama and El Salvador
August 4, 2023 MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of…