October 25, 2010
The presidents of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, Colombia and the Dominican Republic will meet tomorrow, Oct. 26, in Cartagena, Colombia at the XII Summit of the Tuxtla Mechanism for Dialogue and Coordination. The heads of state will be informed of the progress made by the Mesoamerica Project in terms of regional integration and will decide further courses of action.
July 21, 2010
In late July, the first substation of the Central American Electrical Interconnection System (SIEPAC) is opening in Costa Rica. A week later, the substation in Panama will be ready to operate. Towers, lines and cables are already in place, so the southern section of the nascent Central American electricity market will soon be a reality. PAC53 - Road from La Chorrera to Arraijan, in Panama.
March 17, 2009
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.
October 08, 2008
By Matthew Gerhrke, Renso Martinez and Maria Cecilia Rondon, Microfinance Information Exchange, INC. (MIX)Microfinance in Latin America and the Caribbean skyrocketed in 2007, fueled by booming demand for financial services from microentrepreneurs in the region’s fastgrowing economies along with new funding in both debt and deposit. The region and its microfinance institutions (MFIs) remained in the forefront of attractive investment opportunities.
October 08, 2008
POR DIEGO FONSECA
May 20, 2008
In celebration of the centennial and restoration of Buenos Aires' Teatro Colón (Colón Theater), one of the world’s greatest opera houses, the IDB is hosting a lecture by its director, Dr. Horacio Sanguinetti, on Wednesday, May 21st, as well as an art and photography exhibit, opening the same day. The restoration of Teatro Colón is a $25 million project, partially financed by the IDB through a $400 million loan approved in 1998, to support the fiscal reform of the city of Buenos Aires.
March 27, 2008
The expansive economic cycle in Latin America rests largely on the rise of key commodity prices, but experience suggests caution in thriving years.
December 20, 2007
By Diego Fonseca While Central America is nervous about CAFTA, the Free Trade Area of the Americas (FTAA) has rattled countries with large economies, such as Brazil and Argentina. And although the most recent negotiations, in late 2003 and early 2004, didn’t produce agreement on major issues such as agricultural subsidies, government procurement and intellectual property rights, January 1, 2005, continues to be the apparent date for the birth of the FTAA, which may, like beer, come in a robust version or a “lite” version.
March 01, 2006
By Paul Constance
March 01, 2006
By Paul Constance Is it possible to replace an 8,000-person bureaucracy with an autonomous agency run by 47 civil servants? Is it ethical to do so? In El Salvador’s case, the answer to both questions is yes. In 1999, when El Salvador’s government announced plans to create FOVIAL (see link to main article at right, “A smoother road”), it also disclosed that the Ministry of Public Works department in charge of road maintenance would be shut down.