BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at just a click away.
Costa Rica
Costa Rica projects greater economic dynamism for 2025, according to the Central Bank
The Central Bank of Costa Rica has revised its 2025 growth forecast upward to 4.2%, driven primarily by strong domestic demand and sustained investment. For 2026, growth is expected to slow slightly to 3.5% as external demand eases. Inflation is forecasted to remain within target, supporting a positive economic outlook. Read more
New law aims to boost transparency and investor protection in stock exchanges
A legislative proposal in Costa Rica seeks to regulate and supervise stock exchanges by assigning oversight duties to existing financial authorities. The initiative aims to increase market transparency, strengthen investor safeguards, and ensure sound operations in a sector currently lacking formal supervision. Read more
Exchange rate stability strengthens confidence in Costa Rica’s economy
The U.S. dollar to Costa Rican colón exchange rate showed improved stability in 2025, with a cumulative decline of -1.85% as of October. This was supported by stronger foreign currency inflows and active Central Bank reserve management. International reserves rose to $16.03 billion (15.8% of GDP), boosting financial confidence. Read more
Costa Rica reaffirms innovation leadership in Latin America
Costa Rica ranked sixth in Latin America in the 2025 Global Innovation Index by WIPO and 72nd worldwide among 139 economies. The country excels in institutional strength, infrastructure, and tech output, maintaining its position as a digital services and investment hub in the region. Read more
Costa Rica’s insurance market posts strong growth, outpacing the regional average
The insurance market reached over ₡1.18 trillion (US$2.29 billion) in premiums in 2024, with real growth of 10.4%, surpassing the Latin American average of 5.8%. Non-life insurance, especially auto coverage, drove this expansion. Read more
El Salvador
Investment funds gain ground as a strategic option
Funds are becoming a key vehicle for investment and diversification, supporting liquidity and financing across sectors. Read more
Country risk drops to a seven-year low
The EMBI fell to 348 points, reflecting improved liquidity and investor confidence. Read more
Construction sector drives economic growth
Economic activity grew 5.5% year-on-year, with construction leading expansion. Read more
Government requests $649 million in new financing
Funds will support infrastructure, social programs, and development initiatives. Read more
Guatemala
CABEI leads major energy transformation
The PEG-5 tender aims to add up to 1,400 MW of generation capacity, with green financing support. Read more
Tourism continues to grow
Visitor numbers increased by more than 7%, with strong projections for year-end. Read more
Industrial hubs attract new investment
New regional development zones aim to decentralize economic activity and create jobs. Read more
Honduras
Record foreign exchange earnings
Honduras surpassed $16.6 billion in foreign exchange inflows, driven by remittances and exports. Read more
International reserves reach historic levels
Reserves climbed to $9.65 billion, covering six months of imports. Read more
Insurance sector shows growth potential
The regional market expansion presents opportunities for Honduras to strengthen its insurance ecosystem. Read more
Nicaragua
New law promotes special economic zones
The initiative offers tax incentives to attract foreign investment and boost key industries. Read more
Economic growth remains solid
The Monthly Economic Activity Index grew 5.5%, driven by mining, construction, and tourism. Read more
BLP Insights
Changes in the Publication of Tax Lists
The reform to Article 115 introduces new transparency obligations for taxpayer information. Read more
Events
BLP to Participate in the Compliance Latam Forum 2025 – Santiago, Chile
Partner Alejandro Rojas will participate as a speaker.
Date: November 27, 2025
Venue: The Ritz-Carlton, Santiago
Get your ticket
Economic Index
| Country | Exchange Rate | Basic Rate | Policy Rate | S&P | Moody’s | Fitch | Inflation |
|---|---|---|---|---|---|---|---|
| Costa Rica | 505.87 | 3.80% | 3.50% | BB | Ba2 | BB+ | -1.00% |
| El Salvador | 8.75 | 5.19% | N/A | B- | B3 | B- | 0.36% |
| Guatemala | 7.65 | 5.09% | 4.00% | BB+ | Ba1 | BB+ | 1.47% |
| Honduras | 26.25 | 8.18% | 5.75% | BB- | B1 | N/A | 4.85% |
| Nicaragua | 36.62 | 2.53% | 6.00% | B+ | B2 | B | 1.40% |
07/11/2025 | Source: SECMCA
For more information, contact us at [email protected]