December 10, 2024 Panama's fiscal deterioration in 2024 exceeded the worst-case scenarios predicted by two risk agencies assessing the country's finances and indebtedness. Fitch Ratings, which withdrew the country's investment grade rating last March, recently projected that debt will end the year representing 63% of gross domestic product (GDP), while interest payments will be equivalent

December 6, 2024 The National Commission on Minimum Wages (CONASAMI) has approved a 12% increase to the general minimum wage, raising it from MX$248.93 to MX$278.80 per day starting January 1, 2025. This unanimous decision by representatives from business, labor unions, and the government on December 3 signals a broad agreement on addressing wage growth

December 4, 2024 Remittances to Mexico decreased by 1.6% year-over-year in October 2024, marking the second consecutive month of declines, according to data from Mexico’s Central Bank (Banxico). This follows a 4.6% drop in September, making it the first two-month streak of negative growth since June 2013. In October, Mexican nationals abroad sent US$5.72 billion

November 21, 2024 According to "Dominican Today", the Dominican Republic’s Ministry of Economy, Planning, and Development has released its Sectoral Overview for September 2024, highlighting notable trends across various sectors. The report indicates robust growth in agricultural and manufacturing exports, alongside declines in transportation, trade, and mixed results in tourism. Agricultural Exports: From January to September,

November 21, 2024 According to "Mexico Business News", The Mexico's Ministry of Economy has announced a reduction in the 2025 budget allocation for Micro, Small, and Medium Enterprises (MSMEs). Despite this cut, the Ministry remains committed to fostering the growth of small businesses by enhancing their integration into value chains, leveraging nearshoring opportunities, expanding access