Central America
Moody’s maintains Panama’s rating at a stable Baa1
The Panamanian government reported that the risk rating agency Moody’s maintained the country’s rating at a stable Baa1, while readjusting its forecast of a 10% drop in the country’s economy this year due to the Coronavirus pandemic.
According to the Ministry of Economy and Finance, the rating agency based its decision to maintain Panama’s stable outlook on the fact that economic growth will continue to support the country’s credit profile and that it will be stronger than other countries in the region.
The ministry highlighted that the rating agency forecasts a 4.5% growth for Panama next year. This would be a little over the 4% that supports the national budget draft presented to parliament for approval, he added.
Central America
Mass deportations begin: Central American migrants face unemployment and despair
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Migrants from Guatemala, El Salvador, Honduras, and Nicaragua account for 38% of all individuals with deportation orders from the United States. If Donald Trump’s mass deportation plan is fully executed, more than 200,000 Central Americans could be sent back to their home countries in 2025 alone.
But are these governments prepared to receive them and withstand the economic blow of reduced remittances?
“Look at my wrists. They put the shackles so tight, all the way down,” described a Salvadoran migrant, recounting his harsh repatriation journey in late January. He was on one of the first deportation flights under Trump’s second term.
“I have nothing—no money, no job, none of the opportunities I dreamed of,” expressed a Honduran migrant, who was forcibly returned to his country in early 2025.
These testimonies, documented by Central American media, paint a picture of desperation and uncertainty among recent deportees.
During his campaign, President Trump vowed to carry out “the largest mass deportation in history”. Since his return to the White House, images of deported migrants have dominated official channels, underscoring the high priority of this policy on his administration’s agenda.
Central America
Nicaragua rejects UN Human Rights Council following calls for ICJ Action
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The government of Daniel Ortega announced on Thursday that Nicaragua is withdrawing from all activities related to the United Nations Human Rights Council. The decision comes after a report by the UN-appointed Group of Human Rights Experts on Nicaragua, which urged the International Court of Justice (ICJ) to take action against the country for revoking the nationality of Nicaraguan citizens.
“Nicaragua conveys its sovereign and irrevocable decision to withdraw from the Human Rights Council and from all activities related to this Council and its associated mechanisms,” said Vice President Rosario Murillo, speaking through official state media.
Central America
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