Lending expanded 3.5% in the 12 months through February.
S&P Global Ratings said in a press release that it had lowered its long-term foreign currency rating on Belize to selective default ('SD') from 'CC'.
The near-term outlook is favorable but also exposed to risks. The approval of the structural tax reform and the conclusion of the peace agreement removed two major sources of uncertainty and will support economic activity going forward, said the IMF in a press release
Despite a law passed last November governing public-private partnership contracts to provide a stronger legal framework for investments, some still fear the country could turn on the Macri administration and swing back to a populist government.
The consumer finance unit of Santander Chile is using an Oracle platform to reduce the time and paperwork needed to receive approval for a car loan to just seven minutes. It hopes to apply the same logic to mortgages and other financial services in the near future.
Most analysts agree that the central bank is keen on stimulating the weak economy with further rate cuts, but they are divided over the strength and timing of the expected monetary easing.