Mulino wins Panama Presidency; Faces Significant Challenges

5th May 2024 José Raúl Mulino is the new President-elect of Panama with 34.23% of the popular vote. With 78% turnout, the highest since the end of military rule in 1989, Mulino triumphed over nearest rival Ricardo Lombana who polled 24.6%. Mulino, who needed a majority decision by Panama’s Supreme Court the day before the […]

Amid IMF Impasse, El Salvador Returns to Bond Market

19th April 2024 El Salvador returned to the bond market after four years with a US$1bn issuance at 12% that will mature in 2030. This is the largest debt in the country’s history and only four nations have issued sovereign debt above 10% since 2019. The rate could increase to 16% if El Salvador fails […]

US Commits Further US$1bn to Central America

5th April 2024 During a regional visit focusing on the Northern Triangle, US Vice President Kamala Harris earmarked a further US$1bn to the region. The funds will be used for projects that slow irregular migration northwards. This includes US$170mn to Guatemala for development, economic, health and security assistance to Guatemala. US$135mn of this will be […]