By Nicole Mendoza

In order to achieve economic stabilization and encourage saving for future generations, the Cabinet Council of Panama approved the bill proposing the creation of the Panama Savings Fund (PSF).

Fundings for this organization will come from the total assets of the Trust Fund for Development, and assets for future contributions will be purchased from contributions of the Panama Canal, which extended from 2015.

The Deputy Director of Investment and Risk Concessions, Ministry of Economy and Finance, Diego Ferrer, said that the formulas to withdraw money from this fund will be in states of emergency declared by the Cabinet as long as the associated cost is equal to or greater than 0.5% of GDP.

Another measure to be used in this fund will be in stages of economic downturn, when the increase in real GDP is 2% or less for three consecutive quarters, and in the repurchase and retirement of sovereign debt.

By Alyson Lewis

The Specialty Coffee of America Fair will have Honduras as the main sponsor, who ranks as the largest coffee producer in Central America. The event will take place from the 19th to 22nd or April in Portland Oregon, USA.

Victor Hugo Molina, manager of the Honduran Coffee Institute (Ihcafe), said the country seize the opportunity to be the main sponsor for the fair to promote quality coffees and variety of its product. Molina said that this is the appropriate occasion for Honduras to seek the expansion of its coffee market and also enter the international market.

By Eduardo Cano

Nicaragua will have the first and largest solar power plant in Central America, with a huge investment donated by Japanese cooperation amounting to $ 12 million. The center of this power plant will be located in the community of Trinity, 12 kilometers from the city of Diriamba.

This is a great ecological mirror generator, which will reach over 200 thousand homes in rural Diriamba.

By Natalie Romero

Panama could become the logistic center of transshipment most important in America because of its geographical position, by attracting foreign investment and trade connectivity with the world to offer its territory through-the-Canal.

In this country and have settled 68 multinational corporations, which were attracted by the economic boom that has taken the Central American country. This has positively affected the development of port terminals in the Atlantic and Pacific leading the charge transfer in LA with over 6 million TEUs annually, and also because of the advantages of the enlargement process of the Canal.

By Hector Marroquin

Despite pressure from various sectors, Laura Chinchilla, president of Costa Rica announced that she will continue insisting on achieve tax reform to reduce the high fiscal deficit, despite a tax evasion scandal of some elements of her cabinet.

Chinchilla stressed: The events of recent days will not stop me ... we will continue the fight to carry forward the tax reform.

It was discovered that several ministers have been invading taxes, such as Finance Minister, Fernando Herrero, who was forced to resign his post after it was discovered that he had properties valued for quantities less than the real, so he paid less taxes.