June 18, 2024 The Executive Board of the International Monetary Fund (IMF) completed today the sixth review of Costa Rica’s economic reform program supported by the IMF’s extended arrangement under…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Panama Canal to increase daily transits and draught signaling a return to normalcy
By: Staff Writer June 14, 2024 The Panama Canal will increase its daily transits from 32 to 33 this coming July 11, and shippers could not be more excited about…
Honduras Will Improve Workers’ Job Placement with IDB Support
June 4, 2024 -The program will benefit almost 40% of job seekers registered in the comprehensive employment service seeking training. -This is the first IDB loan to include the returned…
Guatemala: Staff Concluding Statement of the 2024 Article IV Mission
May 28, 2024 An International Monetary Fund (IMF) mission, led by Ms. Maria A. Oliva, visited Guatemala City during May 13-23 for the 2024 Article IV consultation. At the end…
IMF Executive Board Concludes 2024 Article IV Consultation with Belize
May 17, 2024 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…
Belizean Women Encouraged To Use Online Resources To Find Jobs
May 10, 2024 On the heels of a report suggesting the gender gap in labour force participation in Belize is among the highest in the region, the CEO of a…
Use of Mobile Money, Digital Payments Doubles in Central America, Panama, and Dominican Republic
May 7, 2024 The use of digital financial services has experienced rapid growth in Central America, Panama and the Dominican Republic, with the share of adults owning mobile money accounts…
Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Colombia
May 3, 2024 Colombia’s very strong policies and policy frameworks have helped to significantly reduce domestic and external imbalances and brought the economy to more sustainable levels of activity and…
IMF Executive Board Approves New Two-Year US$8.1 Billion Flexible Credit Line Arrangement for Colombia
April 24, 2024 The Executive Board of the International Monetary Fund (IMF) approved today a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent…
IMF Reaches Staff-Level Agreement with Costa Rica on the Sixth Review of the Extended Fund Facility Arrangement and the Third Review of the Resilience and Sustainability Facility Arrangement
April 16, 2024 San José, Costa Rica: An International Monetary Fund (IMF) team led by Mr. Ding Ding held virtual and in-person meetings with the Costa Rican authorities during April 1-12,…
Central America’s Lifeline: Record Family Remittances
April 12, 2024 The money sent by Central American immigrants in the United States to their families has risen to record levels and represents a quarter of the combined GDP…
US Investment in Central America key to stemming migration!
By: Staff Writer March 29, 2024 Increased US investment into the Central American region is key for development as Vice President Kamala Harris gave an update to the Root Causes…