Panama. During this month, Banistmo subsidiary of Bancolombia Group, one of the most important banking conglomerates in the region, celebrates three years of operations in Panama and has its most significant accomplishments to date. The bank reported assets of the order of US $ 9.1 billion, representing an increase of 16.1% from the beginning of Read more about Banistmo reported growth in assets of more than 16% in three years of operation[…]

The Central Bank (BC) in Brazil revised its forecast and predicted that the national economy will have a decrease of 3.22 percent this year and not 3.19 as envisaged above. In the same way, and according to the results of the weekly Focus survey that the entity makes between financial institutions, by 2017 the expected Read more about Brazil’s central bank expects higher decrease of Brazilian economy[…]

The Asian Infrastructure Investment (EBIT) is able to decisively influence the high demand for infrastructure in the region and in the global economy, a senior US official acknowledged. Treasury Undersecretary for International Affairs, Nathan Sheets, said Tuesday the relevance of EBIT, criteria circulating today strongly in specialized media. He added that this assertion is that Read more about Asian bank able to influence global economy[…]

With the presence of government authorities, representatives of the diplomatic corps and special guests, the first International Finance Summit, whose agenda addresses issues related to global and regional issues affecting foreign investment and international business and vision of organisms opens today international and multilateral banks on the challenges of the financial system and its contribution Read more about the International Finance Summit begins today[…]

The Panama Metro Secretariat reported that the works of Line 2 show an increase of 22%. Through a statement, the institution announced that remain open 20 work fronts, working on the construction of 11 of the 16 stations will line 2. “The stations construction are: Cinquantenaire Villa Lucre, Cerro Viento, San Antonio, Pedregal, Don Bosco, Read more about Construction of Line 2 of Metro de Panama recorded 22% progress[…]

‘The position of the Republic of Panama is that the commission report be made public, as has already released the first report, “said Minister of Economy and Finance. Panama will publish the findings of the commission convened by the Government to review the practices of the financial industry, to recommend actions to promote transparency of Read more about From Washington: Government of Panama dismisses reviews opacity against financial commission[…]

On Tuesday, the International Monetary Fund (IMF) has lowered the growth forecast of Panama and stood at 5.2%, after in April the company expected that the country would grow by 6.1% this year, according to its report ‘Global Economic Prospects’ , published yesterday in Washington, United States. For 2017, the IMF assigned to Panama grew Read more about IMF lowers projection of 5.2% Panama[…]

In the last two years there has been a contraction in regional growth ALERT After enjoying for nearly a decade of growth averaging 4% in the last two years (2015 and 2016) have recorded a regional contraction, in which the average growth in Latin America (AL) will end -0.6% of this year. According to the Read more about Firm Panamanian economy to Latin America[…]

Although the canal country will lead growth in the region of the Isthmus, Dominican Republic recorded a better gross domestic product (GDP), according to data released by the International Monetary Fund (IMF). Panama will close the year with growth of 5.2%, however, it will be higher in 2017 because it would be 5.8%, estimated the Read more about Panama, the country that will grow in Central America[…]

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