9 June, 2021 - García & Bodán

Guatemala’s Anti-Bureaucracy Law

In the modern post-pandemic world, the use of technology to simplify human interactions has become a truism. In this sense, derived from a reaction to a growing social and business demand, on May 5, 2021, the legislative body enacted Decree 5-2021, the Anti-Bureaucracy Law, which aims to modernize a...

Second phase of the Trust Fund for the Economic Recovery of Salvadoran Companies (FIREMPRESA) is implemented

The Development Bank (BANDESAL), through its president, announced the execution of the second stage of the Trust Fund for the Economic Recovery of Businesses. In this second stage, there is an amount of USD 107.9 million, being the economic sectors benefited: private, school and tourist transportati...

Contracting for the Bypass construction in the city of San Miguel, El Salvador

The Government of the Republic of El Salvador has received a loan from the Japan International Cooperation Agency (JICA) to cover the cost of bypass construction in the City of San Miguel. It is proposed to allocate a portion of the funds from this loan for payments eligible under the contract for t...

Project Support for the Sustainable Development of Renewable Energy in Honduras (ADSERH)

The Government of the Republic has received a Non-Reimbursable Technical Cooperation from the Inter-American Development Bank (IDB) to partially finance the cost of the Support for the Sustainable Development of Renewable Energies in Honduras (ADSERH) project and intends to use part of the funds fro...

IMF increases to USD769 million the availability of credit in favor of Honduras

The Honduran economy has been going through its worst economic recession since March 2020, due to the closure of many businesses because of the increase in COVID-19 infections and the flooding caused by tropical storms Eta and Iota, which brought economic activity to a standstill, causing the loss o...