By Analisa Bala April 1, 2022 Editor’s note: This article first appeared in the most recent issue of Finance & Development. Pura vida, the “pure life.” It’s an expression you’ll often hear in Costa…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
IMF Executive Board Concludes 2022 Article IV Consultation with Colombia
March 29, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia [2] on March 25, 2022. This also included a discussion of the findings of…
IMF Executive Board Completes the First and Second Reviews Under Costa Rica’s Extended Arrangement under the Extended Fund Facility; and Approves Extension of the Arrangement and Rephasing of Access
March 29, 2022 The IMF Executive Board concluded today the combined first and second reviews under the Extended Fund Facility (EFF) for Costa Rica, allowing for an immediate disbursement equivalent…
Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
March 29, 2022 On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of…
GEB improving the supply of reliable affordable electricity to Colombian consumers.
March 15, 2022 Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second…
Panama will Advance in its Digital Transformation with IDB Support
March 11, 2022 THE $60 MILLION LOAN WILL SUPPORT THE STRENGTHENING OF THE CENTRAL AMERICAN COUNTRY’S INNOVATION ECOSYSTEM Panama will promote the digital transformation of management and public services with a $60 million…
IMF Staff Completes Virtual Visit to Costa Rica and Reaches Staff-Level Agreement
March 11, 2022 The IMF reached a staff-level agreement with the Costa Rican authorities on policy measures for the completion of the first and second reviews of Costa Rica’s Fund-supported…
CINDE Announces: Microsoft Inaugurates New Costa Rican Headquarters, the Largest and Most Modern in Latin America
March 8, 2022 The company celebrates 28 years in the country, where its local operations serve clients throughout the Americas. In just the last 4 years, Microsoft Costa Rica has…
Belize: Staff Concluding Statement of the 2022 Article IV Mission
February 25, 2022 An International Monetary Fund team led by Jaime Guajardo conducted discussions for the 2022 Article IV consultation with Belize between February 10 and 22. The team met…
El Salvador’s Comeback Constrained by Increased Risks
By the El Salvador country team, IMF Western Hemisphere Department February 18, 2022 El Salvador’s increase in public debt will constrain medium-term growth prospects given the risks associated with high…
Colombia: Staff Concluding Statement of the 2022 Article IV Mission
February 18, 2022 Among the fastest recoveries in the region, Colombia’s economy rebounded strongly, driven by private consumption, in 2021. With progress on vaccinations and continued reopening of the economy,…
CDB, EU increase trade support to Belize with new programme
February 15, 2022 “CDB, as the second largest contributor to the Government of Belize’s current suite of development-related projects, has clearly signalled our intent to sustain and increasingly collaborate with…