By: Staff Writer February 9, 2024 The Panama Canal is seeing high demand for transit despite the ongoing drought, all in part due to the political demand in and around…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Nicaragua: 2023 Article IV Consultation-Press Release; and Staff Report
January 23, 2024 The Nicaraguan economy remained resilient through multiple shocks over the past five years, supported by appropriate policies, substantial pre-crisis buffers (primarily government deposits), and multilaterals support. After…
IMF Executive Board Concludes 2023 Article IV Consultation with Nicaragua
January 23, 2024 On January 16, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nicaragua and considered and endorsed the staff appraisal without…
Drought continuing to impact Panama Canal- Maersk takes land route as bypass
By: Staff Writer January 19, 2024 The Panama Canal continues to battle through its worse drought in history, forcing shippers to change routes. It has also forced authorities to slash…
CENTRAL AMERICA NICKEL ANNOUNCES FILING OF PATENT FOR SEPARATION OF LIGHT AND HEAVY RARE EARTHS
January 12, 2024 Central America Nickel Inc. (the “Company” or “CAN”) is pleased to announce it has filed an International application No. PCT/CA2023/051387 titled “Process for Extraction of Rare Earth Elements.” The…
TotalEnergies QUARTZ Auto Services Workshop Opened in Guatemala
January 12, 2024 TotalEnergies, a global leader in energy and automotive services, is proud to announce the opening of its latest QUARTZ Auto Services workshop in Guatemala. This state-of-the-art facility promises…
IMF Executive Board Holds Informal Briefing on Venezuela
December 5, 2023 In line with the standard procedures for members whose Article IV consultations with the IMF are extensively delayed, on December 1, 2023, the Executive Board was briefed…
Costa Rica Engages with Multilateral Partners to Launch a Sustainable Project Preparation Facility and Crowd in Climate Investments
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…
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…