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Caribbean & Central America - April 2021

Introduction
The United Nations (UN) World Food Programme (WFP) and a group of humanitarian organisations have recently published reports warning of the rise in food insecurity in El Salvador, Guatemala, Honduras, and Nicaragua due to the economic crisis caused by the coronavirus (Covid-19) pandemic and years of extreme climate events.... Read More
Central America
The United Nations (UN) World Food Programme (WFP) and a group of humanitarian organisations have recently published reports warning of the rise in food insecurity in El Salvador, Guatemala, Honduras, and Nicaragua due to the economic crisis caused by the coronavirus (Covid-19) pandemic and years of extreme climate events.... Read More
In its US$4bn comprehensive four-year plan for Central America, the new US administration led by President Joe Biden pledges to address the root causes of illegal migration, one of which it identifies as “endemic corruption”.... Read More
Nuevas Ideas (NI), the party of President Nayib Bukele, will have an unprecedented two-thirds majority in the 84-member national assembly following the 28 February legislative elections, but Bukele’s economic plans could be constrained by the country’s precarious economic situation.... Read More
Panama’s President Laurentino Cortizo and his government are sailing in choppy waters as international credit ratings agencies, Moody’s Investors Service and Fitch Ratings, both downgrade the country, and the private sector lobby raises concerns over the handling of the economy in response to the coronavirus (Covid-19) pandemic.... Read More
Caribbean
Last month Cuba’s government led by President Miguel Díaz-Canel announced it would begin inoculating 150,000 Cubans with its own vaccines against the coronavirus (Covid-19), as part of the final phase of a clinical trial of the country’s leading vaccine candidate, Soberana 02.... Read More
In March 2021, two United Nations agencies, the Economic Commission for Latin America and the Caribbean (Eclac) and the UN Office for Disaster Reduction (UNDRR), issued a report entitled: “The coronavirus disease (Covid-19) pandemic: an opportunity for a systemic approach to disaster risk for the Caribbean.” The title doesn’t capture the full scope of the report which also focuses on what it sees as the Caribbean’s flawed development model.... Read More
Belize’s People’s United Party (PUP) has consolidated its victory in the November 2020 general election with a resounding victory in the municipal elections held in March.... Read More
In a Country Focus briefing released on 12 March, the International Monetary Fund (IMF) warned: “Much the same as some patients could suffer from lingering illnesses long after the coronavirus [Covid-19] infection has passed, the pandemic’s economic fallout might be felt in the [Caribbean] region long after the health emergency is controlled”.... Read More
Economic Highlights
COSTA RICA | Exports on the road to recovery.... Read More

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