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IDB approves $40 million to improve water and sewerage systems in Panama
Friday, 3 September 2010
IDB approves $40 million to improve water and sewerage systems in Panama

The Inter-American Development Bank has approved a $40 million loan for Panama to expand and improve potable water and sewerage systems in Panama City and the central and western provinces.

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Nicaragua’s government claims victory on poverty, but others have doubts
Friday, 3 September 2010
Nicaragua’s government claims victory on poverty, but others have doubts
The Nicaraguan government's claim to have achieved a “spectacular reduction in extreme poverty” is being met with as much skepticism as cheer.
 
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Honduras expects boost in coffee output spurred by higher prices
Friday, 3 September 2010
Honduras expects boost in coffee output spurred by higher prices

Honduras will produce 6.4 percent more coffee in the upcoming 2010-11 season as farmers, spurred on by high prices, buy more fertilizers and expand their coffee growing land, the head of the national coffee association said.

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Guatemalan president urges budget increase to ease impact of heavy rains
Friday, 3 September 2010
Guatemalan president urges budget increase to ease impact of heavy rains

The budget increase requested by the Guatemalan administration is urgently needed to deal with the effects of the worst rainy season in the past 60 years in Guatemala, President Alvaro Colon affirmed.

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Guatemala’s Grupo Pharma aims to cure ailments of consumers in El Salvador
Friday, 3 September 2010
Guatemala’s Grupo Pharma aims to cure ailments of consumers in El Salvador

Guatemala’s Grupo Pharma opened the first 15 of its 200 Farmacias de la Comunidad planned for El Salvador.

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Where are the tourists? Costa Rican hoteliers bewildered by official figures
Friday, 3 September 2010
Where are the tourists? Costa Rican hoteliers bewildered by official figures

If the number of foreign tourists to Costa Rica have increased so far this year, where are they staying during their visit to the country? So ask hoteliers, who claim that no increase in their bookings has been noted since 2009.

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Central America is laggard in growth of Latin exports
Friday, 3 September 2010
Central America is laggard in growth of Latin exports

Latin American and Caribbean exports are forecasted to grow 21.4 percent this year propped mainly by South American commodities.

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Costa Rica buys $50 million a month to curb rally
Friday, 3 September 2010
Costa Rica buys $50 million a month to curb rally

Costa Rica’s central bank plans to buy as much as $50 million a month in the foreign-exchange market.

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New international airport boosts expansion of Panama’s Colon Free Zone
Thursday, 2 September 2010
New international airport boosts expansion of Panama’s Colon Free Zone

Though well-known among merchants from all over the world, Panama’s province of Colon is a mystery outside trade circles. However, it houses the world’s second largest free zone.

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South Korea companies urged to invest more in El Salvador, ambassador says
Thursday, 2 September 2010
South Korea companies urged to invest more in El Salvador, ambassador says

South Korean firms should strive to expand their businesses in El Salvador, where about 20 are already operating there, said the Salvadoran ambassador in Seoul, Hector Gonzalez Urrutia said.

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Canada pushes ahead with trade accords for both Costa Rica and Panama
Thursday, 2 September 2010
Canada pushes ahead with trade accords for both Costa Rica and Panama

Canada and Costa Rica have agreed to work toward modernizing the existing bilateral free-trade agreement, announced Peter Van Loan, Canada’s minister of international trade, who just concluded his five-day, four-country visit to Latin America.

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Honduras looks to achieve $600 million record this year for coffee exports
Thursday, 2 September 2010
Honduras looks to achieve $600 million record this year for coffee exports

The coffee industry of Honduras aims to close the 2009-2010 crop year with record returns.

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Central America launches workshop on international climate conference in Mexico
Thursday, 2 September 2010
Central America launches workshop on international climate conference in Mexico

Representatives of the Central American countries are meeting in El Salvador for a preparatory meeting on the world climate conference to be held in Mexico this November.

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Moody’s sees possible downgrade for Banco de Bogotá in wake of BAC deal
Thursday, 2 September 2010
Moody’s sees possible downgrade for Banco de Bogotá in wake of BAC deal

Moody's Investors Service reviewed the ratings of Banco de Bogotá with a view to a downgrade, following the bank’s acquisition of BAC Credomatic from GE Capital.

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Guatemala’s Banco Industrial opens soon in El Salvador
Thursday, 2 September 2010
Guatemala’s Banco Industrial opens soon in El Salvador

Though a precise date has yet to be fixed, Guatemala’s Banco Industrial is to open next month in El Salvador.

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