November 18, 2022 Costa Rica has been a pioneer in greening its economy, and its efforts to fight climate change and restore ecosystems have earned the country international recognition. But…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Nicaragua: Staff Concluding Statement of the 2022 Article IV Mission
November 18, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, held virtual discussions during November 3-4, and visited Managua during November 7-15 for…
IMF Executive Board Concludes the Third Review of Costa Rica’s Extended Fund Facility and Approves the Request for the Resilience and Sustainability Facility
November 15, 2022 The Executive Board of the International Monetary Fund (IMF) completed today the third review of Costa Rica’s economic reform program supported by the IMF’s extended arrangement under…
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022 Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank. The…
IDB Invest, Bancolombia Announce the Region’s First Sustainability-Linked Bond Issued by a Bank
October 28, 2022 Funds will help more than 1.5 million low-income unbanked people and help reduce CO2 emissions IDB Invest and Bancolombia announced the first sustainability-linked bond, or SLB, issued…
Transformative LNG-to-Power Project Lights Up El Salvador, Accelerates Region’s Energy Transition
October 21, 2022 Invenergy, the largest privately held global developer, owner, and operator of sustainable solutions, has reached commercial operations at the Energía del Pacífico (EDP) LNG-to-power project, located at the…
COLOMBIA: Joint IMF-RFAs Press Release on the 7th High-level RFA Dialogue
October 14, 2022 The seventh High-level Regional Financing Arrangements (RFAs) Dialogue was held on 12 October 2022 in Washington DC amidst a highly uncertain global outlook and slowing growth. The…
CDB Financing Biogas Feasibility Study in Belize
October 11, 2022 The Caribbean Development Bank (CDB) has committed USD150,000 to assist with financing a feasibility study for the Government of Belize to assess the potential of generating electricity…
IMF Reaches Staff-Level Agreement with Costa Rica on a Resilience and Sustainability Facility (RSF) and the Third Review under the Extended Fund Facility (EFF)
October 7, 2022 The IMF team and Costa Rican authorities reached staff-level agreement on a request for access under the newly established Resilience and Sustainability Trust (approximately US$ 710 million)…
Lack of credit sends Venezuelan businesses seeking loans abroad
September 30, 2022 Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through foreign banks, business people and finance industry sources…
Belize to Attract More Foreign Investment and Streamline Exports with IDB Support
September 23, 2022 The Inter-American Development Bank has approved an US$8 million loan to promote Belize´s foreign direct investment and trade performance through a series of measures aimed at streamlining…
IDB Approves $15M Loan to Spur Sustainable Farming and Tourism in Belize
September 16, 2022 The Inter-American Development Bank approved a $15 million loan and up to $800,000 in grant funding for the Sustainable and Inclusive Belize project, which seeks to bolster revenue from…