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Nicaragua 2018 Economic Outlook

The Central Bank of Nicaragua forecasts that by the end of 2017 the economy will have grown by between 4.7% and 5.2%, and next year the increase will be between 4.5% and 5%. From a report by the Central Bank: The President of the Central Bank...

How Venezuela Became a Communist Totalitarian State

When Hugo Chávez was running in his first successful presidential campaign, back in 1998, he was asked point blank in several television interviews whether or not he was a communist. icolás Maduro has replaced Venezuela’s Congress with the illegitimate National Constituent Assembly controlled by the...

Good Prospects for Retail in Nicaragua

The Nicaragua retail industry projects US$680 million in sales in the Christmas and end of the year season, which would represent a 7% increase compared to the 2016 season. The Cámara de Comercio y Servicios de Nicaragua (CCSN) – Chamber of Commerce and Services of...

The New South America

Latin America is taking giant leaps towards becoming a global superpower. Treasury Ministers Rodrigo Valdés and Nicolás Dujovne from Chile and Argentina respectively highlighted the importance of advancing towards the process of regional integration in order to the strengthen both economies. The most important topic,...

As Others See Us

Q OPINION - The world is especially turbulent this month. There is a potential war in Korea and real ones in the middle east, Afghanistan, the Philippines and Africa. Venezuela is in turmoil. An unpredictable and combative US president and his revolving door of...

Cuba’s Economy May Not Survive the Fall of Maduro’s Venezuela

TODAY CUBA - Economists are warning that a fall of Nicolás Maduro’s regime in Venezuela could be devastating for Cuba. Professor of Economics at the University of Havana Omar Everleny Pérez said that the island’s economy isn’t prepared for Maduro’s fall because Venezuela is still...

Yes, microlending reduces extreme poverty

A small boost in microlending to the developing world could lift more than 10.5 million people out of extreme poverty. That’s one conclusion of my study, published last month in The B.E. Journal of Macroeconomics, which found that microfinance not only reduces how many...

Almost Half of Argentina’s Children Live in Poverty

(Q24N) Almost half of Argentina's children live in poverty, a rate that has risen by 17 percent after conservative President Mauricio Macri's first year in office, according to a new report by Unicef released Thursday. The United Nations Children's Fund reported about 5.6 million children...

Nicaragua’s economy is growing, but the poor may be falling behind

TODAY NICARAGUA – The International Monetary Fund (IMF)’s recent assessment of Nicaragua reinforces the narrative that the country has made tremendous strides in fighting poverty, but many experts stress the importance of staying vigilant against the country’s still deep inequalities and precarious economy. The routine assessment of...

Our Economy: Myth and Reality

Q BLOGS - If you want good news about Costa Rica (CR), it is readily available not only from the travel industry but also from the government itself. On the other hand, the reality of living in this country and the news of national,...

Costa Rica Should Move Towards De-dollarization of the Economy, Central Bank President

QCOSTARICA - The president of the Central Bank of Costa Rica (Banco Central de Costa Rica - BCCR), Olivier Castro considers it a priority goal to de-dollarize the economy. Castro this week at a press conference expressed concern about the dollarization of credit of those...

New “Centre For Automotive Justice” Promises To Resolve Conflicts In Vehicle Purchases

(QCOSTARICA) Buyers of cars in Costa Rica have an ally when things go wrong. The association of vehicle importers - Asociación de Importadores de Vehículos y Maquinaria (AIVEMA) - announced the opening of a conflict resolution centre - the first in Latin America, designed to...

Rise In Domestic Consumption Sustains Costa Rica Economy

(QCOSTARICA) A decline in foreign trade has been offset by the 4.33% increase in domestic consumption resulting in a GDP growth of 2.68% in the first quarter. Consumption by the Government and families have seen the same upward trend since 2013, a situation that compensates...

Costa Rica Exports Fall and Rise

(QCOSTARICA) The exit of Intel manufacturing operations in Costa Rica caused a dramatic fall in the exports from free trade zones in the last year.  However, discounting the electronics components sector, imports actually rose 12.7% in the same time period. The total exports from free...

Comptroller General Says The Government Is Like A family Earning ¢100 But Spending ¢171

(QCOSTARICA) In simple terms, Comptroller General (Contralora General), Marta Acosta, explained that the economy  of government of Costa Rica is like that of a family that monthly takes in ¢100 colones and spends ¢171. "It is a family that spends ¢58 on food, rent, bills,...

Costa Rica Sees ‘Intel Effect’ Ending as GDP Poised for Pickup

(QCOSTARICA Via Bloomberg) -- Costa Rica should see accelerating economic growth in the second half after the country struggled to recover from Intel’s closing of export facilities last year, Central Bank (Banco Central) President Olivier Castro said. The US$50 billion economy is rebounding from bad...

Another Blow To Costa Rica’s Credit Standing

(QCOSTARICA) JP Morgan Chase, the largest bank in the United States, is advising its investors hold less Costa Rica bonds in their portfolios due to the high risk. In its report of each country, the JP Morgan EMBI Global Index downgraded Costa Rica bonds from...

Costa Rica’s Economic Activity Continues to Decline

(QCOSTARICA) For the eleventh consecutive month economic activity continued to lose strength, recording in April a growth rate of just 1.68% compared to the same month in 2014. From a statement issued by the Central Bank of Costa Rica (BCCR): In the first quarter of 2015...

Costa Rica Foreign Direct Investment Falls 21%

QCOSTARICA - The slowdown in economic activity in 2014 was also reflected in the decline in foreign direct investment, which reached $2.106 billion, 21% less than in 2013. From a report issued by the Central Bank of Costa Rica (BCCR): In 2014, operations with the external...

Costa Rica Economy Slows Dow Due to Less Domestic Demand

QCOSTARICA - The Central Bank (Banco Central de Costa Rica)  has confirmed the decline in domestic demand mainly in agriculture, trade, hotels and restaurants, and transport and storage. From a statement issued by the Central Bank of Costa Rica (BCCR): The country's economic activity, measured by...

Government Planning ¢61 Billion Cut

QCOSTARICA - Finance Minister Helio Fallas announced this week that the government plans to make ¢61 billion colones in spending cuts to the budget it will submit to the Legislature in the comin days. In November, the Solis Administration maneuvered through with legislative slight...

Costa Rica Central Bank Move Likely to Curb Dollar Loans

COSTA RICA NEWS (Fitch Ratings, Feb. 12) - The move by Costa Rica's central bank to adopt a managed floating foreign exchange rate regime along with the Superintendence of Financial Entities' (SUGEF) efforts to curb high dollarization in the banking system are likely to...

IMF publishes new fiscal transparency assessment for Costa Rica

Costa Rica is approaching best practice in fiscal reporting and forecasting, according to a new report published by the  International Monetary Fund (IMF). The Fiscal Transparency Assessment (FTA) report notes that, following a number of significant reforms in recent years, the country meets the basic...

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