World Bank, IMF See Economic Growth 2022
Concluded the third quarter of this year, the projections of the World Bank, the International Monetary Fund (IMF) and the Economic Commission for Latin America and the Caribbean (ECLAC) show a consensus of 5.0% in the expectations of economic growth for Dominican Republic, and is expected to drop to 4.6% by 2023 due to geopolitical...
Ukraine War Offers Latin America Opportunity to Boost Exports, Says IMF
Fund official says region can play a role in alleviating commodity shortages caused by Russia’s invasión Latin America can help ease some of the food, metal and energy shortages created by Russia’s war in Ukraine, but the region will only benefit fully if it embraces reforms and promotes social inclusion, a top IMF official said....
Trade Negotiations Moving Ahead With Guatemala, Mexico
Веlіzе’ѕ Nаtіоnаl Тrаdе Nеgоtіаtіоn Соmmіѕѕіоn аіmѕ tо соntіnuе аnd rеѕоlvе nеgоtіаtіоnѕ tоwаrd trаdе аgrееmеntѕ bеtwееn Веlіzе аnd іtѕ оldеѕt аnd сlоѕеѕt nеіghbоurѕ, Мехісо аnd Guаtеmаlа. Тhе Nаtіоnаl Тrаdе Nеgоtіаtіоn...
Costa Rica Takes Steps Towards The Use of Cryptocurrencies With the First Local Wallet
The first electronic wallet developed in Costa Rica for cryptocurrency transactions aims to open this market to a greater number of people and take advantage of the fact that in this Central American country there is “fertile ground” for the development of this industry, an expert said Thursday. “In Costa Rica there is fertile...
After El Salvador, IMF Raises Concerns Over CAR Legalizing Bitcoin
The concerns from the International Monetary Fund came after the adoption of Bitcoin as legal tender without being consulted by the central bank. El Salvador’s revolutionary decision to make Bitcoin a legal tender was met with a lot of criticism and objections from various government authorities around the world. Making crypto a legal...
Central America Feeling Effects Of Global Supply Chain Disruptions
The world supply chain is at “its limit” due to events that are becoming cycles, including the effect of the coronavirus pandemic on Chinese ports. The direct consequences in Central America are rising prices for many products and shortages in some, including technological items. “The (world) logistics sector is very fragile,”...
Dominican Republic could lose US$400 million due to drop in Russia and Ukraine tourism
The economic adviser to the Executive Branch, Pedro Silverio, stated that the Russian invasion of Ukraine is affecting the Dominican economy, which is affected by tourism and increases in fuel and grain prices. He stated that last year 260,000 tourists arrived in the country from Russia and Ukraine, and everything was planned so...
Why is Gas so Expensive in Costa Rica?
Gas prices are the topic of almost everyone’s conversations these days. The rising cost of gasoline is on the mass’s minds making their way into social media at the forefront of every meme and joke, perhaps as a way to cope with what is happening. Costa Rica’s fuel prices are determined by ARESEP (Public Service …...
Russia-Owned Oil Tanker Reroutes And Arrives In This Caribbean Country
The Liberia-flagged Sovcomflot-owned oil tanker SCF Neva had to abruptly change course from Canada. Today, the vessel arrived in the Bahamas, in the Caribbean, vessel data show. News Americas, NEW YORK, NY, Mon. Mar. 7, 2022: As the US and other Western nations tighten sanctions on Russia and Russian owned businesses and assets, the...
The Central American Bank Will Fund the Study for Coffee Growers in Honduras And Nicaragua
The Central American Economic Coordinating Bank (CABEI) announced on Thursday that it was funding a study in support of coffee growers in Nicaragua and Honduras with the aim of increasing crop resilience. From its headquarters in Tegucigalpa, the bank announced that the investigation would help mitigate the effects of natural disasters...
