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 moves up a notch: Moody’s upgrades the country’s credit rating to Ba2 due to solid fiscal management. Moody’s has upgraded Costa Rica’s sovereign rating from Ba3 to Ba2, underscoring the country’s fiscal discipline and solid economic growth. The government has significantly reduced its debt burden thanks to spending caps and proactive policies. The outlook remains stable, reflecting a balance between opportunities and risks. Country ceilings were also raised, recognizing institutional predictability and low political risk. This improvement strengthens Costa Rica’s international position as a reliable destination for investment. Click for more information
Costa Rica takes a big step toward digital transformation with the migration to the Tribu-CR system. Starting on September 25, 2025, the Ministry of Finance will disconnect the ATV system to begin migrating to the new Tribu-CR system. The migration will last until October 6, during which time no tax procedures can be carried out. The new platform will integrate modules such as Virtual Office, Declarations and Payments, and Digital Billing, marking a milestone toward more modern and secure tax management. Click for more information
Costa Rica accelerates its regional leadership by integrating artificial intelligence into key sectors. Costa Rica is leveraging artificial intelligence (AI) to strengthen its competitiveness in sectors such as agriculture, tourism, and banking. With 92.6% internet penetration and a strong tech sector contributing 8% of GDP, AI is becoming a key competitive advantage. Click for more information
El Salvador
Salvadoran exports conquer new markets: Colombia, Peru, and Vietnam. El Salvador recorded a significant increase in exports to these countries in 2025, driven by diversification and trade agreements. Click for more information
El Salvador reinforces its crypto strategy. The country now holds over 6,300 BTC valued at more than $712 million, continuing its long-term investment strategy. Click for more information
Guatemala
Guatemala cuts its interest rate to 4%. The decision reflects controlled inflation and a favorable economic outlook, with growth projections between 3.8% and 4% for 2025. Click for more information
Honduras
Honduras launches Alianza País. The initiative promotes sustainable industrial development through collaboration between government, private sector, and international partners. Click for more information
Nicaragua
Sorghum production expands in Nicaragua. Over 19,000 acres will be cultivated, strengthening food security and rural development. Click for more information
BLP Insights
New CGR criteria on contingency costs: what public bidders need to know
In July 2025, the Comptroller General of the Republic issued resolution R-DCP-SICOP-01324-2025, clarifying that contingency costs apply only to works and service contracts, not supply contracts. Read our analysis here
BLP advises FIFCO on the sale of its businesses to HEINEKEN
BLP advised FIFCO on a $3.25 billion transaction with HEINEKEN, one of the most significant deals in Central American history. Learn more here
Economic Index
| Country | Exchange rate (USD) | Basic passive rate | Monetary policy rate | S&P | Moody’s | Fitch | Inflation |
|---|---|---|---|---|---|---|---|
| Costa Rica | 506.38 | 3.88% | 3.50% | BB | Ba2 | BB+ | -0.93% |
| El Salvador | 8.75 | 5.36% | N/A | B- | B3 | B- | 0.11% |
| Guatemala | 7.65 | 5.10% | 4.00% | BB+ | Ba1 | BB | 1.17% |
| Honduras | 26.16 | 8.42% | 5.75% | BB- | B1 | N/A | 4.16% |
| Nicaragua | 36.62 | 2.23% | 6.25% | B+ | B2 | B | 0.64% |
Source: SECMCA
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