By: Staff Writer January 1, 2020 Shell hails Ecopetrol 50 percent stake as “opportunity” to bring its technical know-how to Colombia to help build the offshore drilling sector. Cynthia Babski,…
Category: CENTRAL AMERICA BUSINESS AND FINANCE
Shell takes 50% stake in Colombian oil and gas firm!
By: Staff Writer December 29, 2020 Oil giant, Shell, takes a 50 percent stake in Colombian oil and gas firm to continue its offshore, deep water exploration. Ecopetrol S.A. hereby…
Canadian company extends PPA in Nicaragua into 2039
By: Staff Writer December 29, 2020 A Canadian firm extends their power purchase agreement (PPA) in geothermal facility in Nicaragua into 2039. Polaris Infrastructure, a Toronto-based company engaged in the operation,…
Shopping giant to open new warehouses in Jamaica and Guatemala by early 2022
By: Staff Writer December 29, 2020 Shopping giant and warehouse club is proceeding with construction of two new warehouses in Jamaica and Guatemala for a Spring 2022 opening. PriceSmart, Inc.,…
IMF gives Honduras $90m for COVID-19 relief.
By: Staff Writer December 18, 2020 IMF Executive Board Completes Third Reviews Under the Stand-By Arrangement and Arrangement under the Standby Credit Facility for Honduras. The IMF Executive Board’s completion…
IDB Invest promotes the development of tourism in Belize through Atlantic Bank
By: Staff Writer December 18, 2020 IDB Invest, a member of the IDB Group, will provide a loan to Atlantic Bank Limited (Atlantic Bank) for US$20m with a three-year tenor.…
IMF takes note of massive trade shock in Central America at height of COVID-19 pandemic.
By Staff Writer December 18, 2020 The International Monetary Fund (IMF) released a country focus on the Central American region, looking at the impact the COVID-19 pandemic and Natural disasters…
Colombia Draws on IMF Flexible Credit Line to Address the COVID-19 Pandemic
BY Staff Writer December 4, 2020 The Colombian government has made a drawing of US$ 5.4 billion under the Flexible Credit Line (FCL) arrangement in the context of the pandemic.…
IMF gives Nicaragua $185m in emergency support to help with COVID-19 fallout.
By: Staff writer November 22, 2020 COVID-19 has slammed Nicaragua and they are asking from the International Monetary Fund (IMF) some $185.53m in emergency funds. In a release, the international…