Guyana; ExxonMobil Recovers Stabroek Block Costs; Guyana Emerges as a New Oil Power; Migration Drives Guyana’s Growth.

Friday, August 7, 2026. Guyana — Small Country, Big Moment Guyana may be one of South America’s smallest countries by population, but economically, it is playing in an entirely different league these days. With just over one million people, Guyana has rapidly emerged as a major oil-producing nation and one of the fastest-growing economies in the world. The IMF currently projects real GDP growth of approximately 16% in 2026, an extraordinary number by almost any international standard.The driving force is offshore oil. Production has now climbed above 900,000 barrels per day, with additional projects expected to push output even higher. Perhaps even more significant, the consortium developing the massive Stabroek Block has now recovered its initial development costs sooner than expected, potentially allowing a greater share of future oil revenues to flow to Guyana.But Guyana’s story is becoming about more than oil. Construction, agriculture, mining, manufacturing and services have also expanded rapidly. Government figures indicate that the non-oil economy grew by more than 14% in 2025, while construction alone expanded by roughly 31%. Billions are being directed toward roads, bridges, energy, housing and other infrastructure as the country attempts to convert its petroleum windfall into longer-term development.Politically, however, Guyana remains a country worth watching closely. President Irfaan Ali and the PPP/C government face the enormous challenge of managing unprecedented national wealth while addressing concerns surrounding transparency, inequality, the cost of living and whether the benefits of the boom are reaching ordinary Guyanese. The political environment has also been complicated by legal proceedings involving opposition leader Azruddin Mohamed, whose U.S. extradition case concerning allegations of gold smuggling and money laundering continues to move through the courts.And then there is Guyana’s neighbor to the west. The longstanding territorial dispute with Venezuela over the Essequibo region continues to add a geopolitical dimension to Guyana’s economic rise, particularly because some offshore petroleum areas are affected by the dispute.For international businesses, investigators and professional service providers, Guyana represents something increasingly rare: a small market undergoing enormous transformation at remarkable speed. Energy, construction, logistics, financial services, compliance, security, infrastructure and professional services are all evolving alongside the economy.Guyana therefore enters 2026 with an enviable challenge: it has the resources and economic momentum that many countries spend generations trying to achieve. The real test will be what it does with them.Guyana is no longer simply an emerging market to watch — it is quickly becoming a market that is difficult to ignore. Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: ExxonMobil Selects Sercel’s Marlin Vessel for Offshore Operations in Guyana ExxonMobil Global Projects has selected Sercel’s Marlin solution to support the management of simultaneous operations (SIMOPS) for the Whiptail project, located in the Stabroek Block, offshore Guyana. Under a one-year contract, Sercel will deploy the Marlin platform to support pipeline-laying campaigns and mooring system installation activities for the offshore development project. According to Sercel, the Marlin platform provides a suite of tools designed to optimize maritime operations. For simultaneous operations (SIMOPS), it offers a real-time geospatial view of concurrent offshore activities, enabling teams to plan, coordinate, and execute operations in high-activity environments. The deployment includes system configuration, onboarding of new users, operational reviews, and 24/7 operational support. “With offshore activity accelerating across Latin America, the Middle East, Southeast Asia, and West Africa, our field-proven Marlin SIMOPS solution enables operators to better manage their most complex offshore projects,” said Jérôme Denigot, CEO of Sercel. The Whiptail project is located in Guyana’s Stabroek Block, where ExxonMobil is conducting offshore development activities. READ ORIGINAL ARTICLE HERE Guyana Is Becoming the New Oil Star of the Western Hemisphere Since ExxonMobil discovered significant offshore oil reserves in the Stabroek Block in 2015, Guyana has transformed into one of the fastest-growing crude oil producers in the world. In less than a decade, its production has risen to more than 600,000 barrels per day, with forecasts pointing to more than one million barrels per day before the end of the decade. For a country of its size, the leap is monumental. An Oil Boom That Is Changing the Rules The economic impact has been immediate. Guyana has recorded GDP growth rates exceeding 40% annually in some recent years, figures unprecedented even among emerging economies. Oil revenues have boosted public reserves and fueled a sovereign wealth fund designed to manage this new source of national wealth. However, President Irfaan Ali has made it clear that the country’s ambitions extend beyond simply exporting oil. “Our goal is to structurally transform the economy,” he has stated in various public appearances. The message from Georgetown is clear: oil is only the starting point. The government wants the associated gas from these offshore fields to play a central role in the next phase of development. Rather than exporting the entire resource, the strategy is to bring some of that gas onshore to drive local industry. Gas as a Bridge to Industrialization Guyana is preparing a second gas pipeline project even before the first one is fully operational. The plan calls for bringing more gas from ExxonMobil’s offshore fields to the coast, with a development in the Berbice region that could be finalized soon. The first gas pipeline to bring gas onshore is expected to become operational by the end of this year, supplying approximately 300 megawatts to a new power plant near the capital. For a country that has experienced high energy costs and periodic power outages for years, this infrastructure represents much more than a technical project. It provides the foundation to reduce electricity prices and improve the competitiveness of local businesses. The government believes that gas can serve as a catalyst for attracting manufacturing, agro-processing, and eventually petrochemical projects. Potential cooperation with Suriname is also being explored to expand the reach of the second pipeline and turn it into a regional initiative. The Business Vision and Remaining Challenges ExxonMobil has expressed its willingness to accelerate gas development, although it acknowledges that the process is more complex than oil extraction.

Paraguay; Moody’s Reaffirms Investment Grade; Ecuador and Paraguay Forge Security Alliance; Paraguay Climbs to Sixth in Business Tourism.

Friday, July 31, 2026. Paraguay This week, we’re heading to the very heart of South America to shine a spotlight on Paraguay, a country that may not always make international headlines but has a remarkable story to tell. Often referred to as the “Heart of South America” not only because of its central location but also because of the warmth of its people, Paraguay is a nation where tradition, resilience, and opportunity come together in fascinating ways. One of the few countries in the world with two official languages, Spanish and Guaraní, Paraguay proudly embraces its indigenous heritage while continuing to grow as a modern economy. From the bustling streets of Asunción to the tranquil beauty of the Chaco and the Paraná River, the country offers an incredible blend of culture, history, and natural beauty. Paraguay is also home to one of the world’s largest hydroelectric power plants, the Itaipú Dam, a testament to the country’s ability to think big and collaborate across borders. Its expanding agricultural sector, growing manufacturing base, and increasingly attractive business environment have positioned Paraguay as one of the quieter success stories in Latin America. Of course, no visit to Paraguay, real or virtual, would be complete without mentioning its passion for football, its world-famous tereré (a refreshing cold herbal drink perfect for warm weather), and the genuine hospitality that visitors often remember long after they’ve returned home. So, whether you’ve visited Paraguay before or are discovering it for the first time, we hope this week’s newsletter offers an enjoyable glimpse into a country whose greatest strength may simply be the character and spirit of its people. ¡Bienvenidos a Paraguay! Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Presidents of Ecuador and Paraguay Forge Alliance to Combat Crime The presidents of Ecuador, Daniel Noboa, and Paraguay, Santiago Peña, announced on Wednesday what they described as a “strategic alliance” to combat organized crime and address other shared challenges facing their countries. The visit marks President Peña’s first official trip to Ecuador since taking office in 2023, although the two conservative leaders have met previously during international events. Both also attended the inauguration of Peruvian President Keiko Fujimori earlier this week. During a joint press conference, Peña said the leaders discussed bilateral and regional issues, emphasizing that “Paraguay and Ecuador clearly understand that there can be no development or prosperity unless we are able to provide security for our citizens.” President Noboa stressed the importance of regional unity, stating that Latin American nations have a responsibility to work together to strengthen competitiveness and confront common threats, rather than allowing criminal organizations to exploit divisions. The two governments signed several agreements aimed at strengthening bilateral cooperation in areas including public security, defense, technical and military cooperation, cybersecurity, and public order. According to Ecuador’s presidency, the agreements also include an extradition treaty designed to streamline judicial cooperation, along with measures covering air services, the reciprocal recognition of driver’s licenses, and expanded trade relations. Both Ecuador and Paraguay are members of the “Shield of the Americas” initiative, launched by the United States to strengthen regional cooperation against narco-terrorism and transnational organized crime. Ecuador has experienced a sharp rise in organized crime over the past five years, with criminal groups linked to international drug trafficking networks taking advantage of the country’s strategic location along Pacific drug trafficking routes to North America, Central America, and Europe. The country recorded more than 9,000 violent deaths in 2025, one of the highest homicide figures in the region. READ ORIGINAL ARTICLE HERE Moody’s Reaffirms Investment-Grade Rating In its assessment released on Friday, Moody’s reaffirmed Paraguay’s Baa3 investment-grade rating with a stable outlook, citing the country’s credible monetary policy, consistent record of price and external stability, and political stability as key strengths supporting its credit profile. The rating agency stated that these factors help maintain Paraguay’s relatively low exposure to risks that could significantly affect its ability to meet its financial obligations. Moody’s also highlighted Paraguay’s recent economic performance, noting that strong economic growth remains one of the country’s key credit strengths. The agency forecasts GDP growth of approximately 4.5% in 2026, supported by continued public infrastructure investment and significant private-sector projects that are expected to promote higher value-added industries and further diversify the economy. The stable outlook reflects Moody’s assessment that the country’s credit risks remain balanced. According to the agency, increasing economic diversification, sustained public and private investment, and effective fiscal and monetary policies provide Paraguay with greater resilience to potential external shocks. However, Moody’s also pointed to climate-related risks, given the country’s reliance on agriculture and hydroelectric power generation, as factors that could affect future economic performance. On the fiscal front, the agency identified Paraguay’s relatively low and stable public debt as a major strength, while noting challenges such as the government’s limited revenue base and the share of debt denominated in foreign currency. Moody’s also emphasized the importance of continuing to strengthen public financial management and institutional capacity. The agency further acknowledged the government’s plans to regularize outstanding obligations recognized in 2026 and improve public financial management by better aligning the national budget with financial planning and enhancing spending oversight and control mechanisms. With the confirmation of its Baa3 rating and stable outlook, Paraguay remains within Moody’s investment-grade category. The country also holds a BBB- rating with a stable outlook from Standard & Poor’s, while Fitch Ratings maintains a BB+ rating with a positive outlook. READ ORIGINAL ARTICLE HERE Expo Paraguay Showcases Livestock Genetics and Strengthens Agribusiness Opportunities Expo Paraguay has established itself as the country’s premier event for showcasing the progress of Paraguay’s livestock industry, a sector that not only drives beef exports but also creates significant business opportunities through advances in animal genetics. As the exhibition continues, industry leaders have highlighted the steady improvement in the quality of livestock presented at the event, noting that these genetic advances are translating into stronger commercial results for breeders and producers. Silvio Vargas, coordinator of the

Uruguay; Virtual Asset Regulation in Uruguay; Stability of Uruguay’s Financial System; Strengthening Security and Police Intelligence.

Friday, July 24, 2026. Uruguay This week, we turn our attention to Uruguay, a country that may be modest in size but carries an impressive reputation for stability, professionalism, and institutional strength. Located between Argentina and Brazil, Uruguay has distinguished itself as one of Latin America’s most dependable business environments, supported by strong democratic traditions, transparent institutions, a highly educated population, and a growing technology and services sector. Beyond its well-known cultural traditions, from football and mate to its celebrated coastal cities, Uruguay has become an increasingly important market for international companies, legal professionals, investigators, risk advisors, and compliance specialists. Its position as a regional hub, combined with its openness to foreign investment and digital innovation, creates opportunities while also requiring careful attention to due diligence, regulatory compliance, fraud prevention, and the verification of business relationships. In this week’s newsletter, we explore Uruguay from the perspective of investigation, risk management, security, and professional services. We will consider the country’s commercial environment, the challenges organizations may encounter, and the value of having reliable local resources when conducting business, protecting assets, or resolving sensitive matters. As always, our objective is to provide practical insight while highlighting the importance of trusted professional relationships throughout Latin America. Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: The Central Bank of Uruguay Approves Regulations for Virtual Asset Service Providers (VASPs) On July 10, the Central Bank of Uruguay (BCU) approved the final regulations governing Virtual Asset Service Providers (VASPs), establishing a comprehensive regulatory framework for companies engaged in activities involving crypto-assets, virtual assets, and blockchain technologies within the country. The new regulation introduces a formal regime for licensing, supervision, corporate governance, compliance, and anti-money laundering (AML) obligations applicable to covered entities. It regulates, among other activities, the exchange of virtual assets, the conversion of virtual assets into fiat currencies, the transfer, custody, and administration of virtual assets, as well as the provision of financial services related to their issuance or commercialization. The framework also addresses certain activities conducted through smart contracts and decentralized protocols. One of the regulation’s most significant features is the establishment of a compliance timeline for existing market participants. Companies currently engaged in regulated activities may submit authorization applications to the BCU between September 1, 2026, and March 31, 2027, while new operators must obtain prior authorization before commencing operations. The new regulatory framework requires companies to review their corporate structures, business models, compliance programs, anti-money laundering procedures, custody and client protection mechanisms, and, where applicable, adapt to the capital and corporate governance requirements established by the regulatory authority. The regulation marks a major milestone for Uruguay’s fintech and digital asset ecosystem, providing greater legal certainty while strengthening transparency, regulatory oversight, and investor confidence across the sector. READ ORIGINAL ARTICLE HERE Uruguayan Financial System Remains Strong Amid a Challenging Global Environment Uruguay’s financial system continues to demonstrate high levels of stability and resilience, according to the latest assessment by the Financial Stability Committee. Authorities concluded that the country’s financial institutions remain in a strong position, supported by adequate liquidity, solid capitalization, and prudent risk management practices, all of which enhance the sector’s ability to withstand periods of economic uncertainty. Although the global economic environment continues to be shaped by geopolitical tensions, market volatility, and slower worldwide economic growth, the report emphasizes that Uruguay’s banking system maintains strong fundamentals and shows no significant vulnerabilities that would threaten its short-term stability. Financial authorities stated that they will continue to closely monitor external risks that could affect the national economy, as well as developments in international markets and global financial conditions. They also reaffirmed their commitment to maintaining rigorous supervision and strengthening regulatory mechanisms to preserve confidence in the financial system. The stability of Uruguay’s financial sector remains a key driver of the country’s competitiveness, fostering a favorable environment for investment, improving access to financing, and supporting business development. This strong financial foundation further reinforces Uruguay’s reputation as one of Latin America’s safest and most reliable destinations for investment and commercial activity. READ ORIGINAL ARTICLE HERE Carlos Negro Led Meeting with Police Chiefs to Strengthen Security Strategy Interior Minister Carlos Negro chaired a strategic meeting with the National Police Command, national directors, and police chiefs from Uruguay’s 19 departments to coordinate the key operational and strategic priorities that will guide law enforcement efforts across the country in the coming months. The meeting focused on strengthening public security through enhanced coordination among police agencies, increased human and material resources, and the incorporation of new technologies to improve crime prevention and criminal investigations. Among those in attendance were Secretary General Gerardo Siri, National Police Director José Manuel Azambuya, Deputy Secretary General Rubén Amato, National Police Deputy Directors Julio Sena and Robert Taroco, as well as departmental police chiefs and directors of national police units. Authorities reviewed the priorities established by the Executive Branch in the national budget review, which includes reallocating public funds to reinforce police presence throughout the country. The plan provides for the recruitment of new officers, the acquisition of additional vehicles, and the deployment of advanced technologies to enhance patrol operations, crime control, and investigative capabilities. During his remarks, Minister Negro praised the daily commitment of police personnel and reaffirmed the government’s institutional support for officers serving throughout Uruguay. He emphasized that law enforcement operates wherever criminal activity occurs, including against organized criminal groups, and stated that the Ministry will utilize all available resources to support operational deployments and improve officer safety. The Minister also stressed that the current administration is implementing a comprehensive security strategy developed jointly with the National Police to combat crime, organized criminal networks, and violence. Operational and Investigative Results During the meeting, several national police directorates presented updates on ongoing investigations, specialized operations, and training programs. The General Directorate of Police Information and Intelligence outlined progress in developing a centralized criminal intelligence system through the National Police Investigation Directorate. The new platform will provide a georeferenced database of criminal incidents, enabling investigators

Brazil; U.S. Imposes 25% Tariff on Brazilian Products; Rio Operation Dismantles Money Laundering Network Linked to CV and PCC; Brazil’s Amazon Deforestation Falls to 10-Year Low.

Friday, July 17, 2026. Brazil: Political Uncertainty, Economic Pressure and a Growing International Role Brazil enters the second half of 2026 at an important political and economic crossroads. As the country moves closer to its October presidential election, public attention is increasingly focused on inflation, government spending, public security and the future direction of Brazil’s foreign policy. President Luiz Inácio Lula da Silva remains at the center of the political landscape, while conservative movements continue reorganizing amid the legal and political difficulties surrounding former President Jair Bolsonaro. The result is an increasingly polarized environment that is likely to shape national debate throughout the coming months. Economically, Brazil continues to demonstrate resilience, although growth is slowing and inflation remains above the Central Bank’s preferred target. Rising food prices and the continued cost of essential goods are placing pressure on Brazilian households, while relatively high interest rates continue to affect borrowing, investment and consumer confidence. At the same time, Brazil is facing new uncertainty in its commercial relationship with the United States, following the announcement of possible tariffs affecting a wide range of Brazilian exports. These tensions may encourage Brasília to strengthen its relationships with China, India and other emerging economies through BRICS and additional international partnerships. Brazil also continues to promote its position as a global leader in renewable energy, agriculture and natural-resource development. Recent changes to the country’s ethanol requirements reflect its efforts to reduce dependence on imported fuel while supporting domestic production. Nevertheless, serious challenges remain, particularly organized crime, public security, fiscal pressure and the need to balance economic development with environmental protection. Together, these developments make Brazil one of the most important countries to watch in Latin America as the political campaign intensifies and the government responds to growing domestic and international pressures. Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: The United States Imposes a 25% Tariff on Brazilian Products The U.S. government issued a resolution on Wednesday night (July 15) imposing a 25% tariff on products exported from Brazil. The measure, adopted under Section 301 of the U.S. Trade Act, will take effect next Wednesday (July 22). As reported by Valor, although the administration of President Luiz Inácio Lula da Silva viewed a new across-the-board tariff increase as virtually inevitable and considered the process led by the Office of the United States Trade Representative (USTR) to be ideologically driven, it believes the United States may still expand the list of products exempt from the new 25% tariff. Lula’s administration has sought to demonstrate to the White House that it remains willing to negotiate. Exemptions The USTR measure exempts more than 2,000 products from the new tariff. These are in addition to items that had already been excluded, including certain types of meat, coffee, fruit, iron, and aircraft parts. Newly exempt products include pig iron, unflavored instant coffee, organic honey, aluminum hydroxide, iron and steel scrap, certain seafood products, leather, selected wood products, medicines and pharmaceutical inputs, as well as antiques, works of art, and used clothing. The Office of the United States Trade Representative (USTR) stated that these products are important inputs for U.S. industry, have limited domestic availability, or are difficult to replace with supplies from other countries. As a result, imposing the additional tariff could increase costs and disrupt U.S. supply chains. In several cases, the agency argued that the United States depends on Brazilian supplies or that imposing the tariff would cause greater harm to the U.S. economy than it would exert meaningful pressure on Brazil. Exemption Requests Rejected Not all exemption requests were approved. The U.S. government rejected requests from sectors including agricultural and industrial machinery, apparel, footwear, electrical equipment, gardening tools, paper, organic sugar, and various manufactured goods. Although companies warned of higher costs and difficulties in replacing Brazilian suppliers, the USTR concluded that these products could be sourced from other markets or that the economic consequences did not justify exempting them from the tariff. The final resolution also tightened certain aspects of the original proposal. The agency removed high-purity cellulose from the exemption list after receiving complaints alleging that Brazilian producers benefited from practices linked to illegal deforestation. It also limited exemptions for certain chemical products to pharmaceutical applications, maintaining the tariff when those products are used for other industrial purposes. Industry Response Brazilian industry groups expressed concern after the United States announced the new tariff. The National Confederation of Industry (CNI) stated that it is closely monitoring the 25% tariff confirmed by the United States on Wednesday. According to the CNI, the additional tariff intensifies the pressures already affecting Brazilian exports and creates greater uncertainty for businesses in both countries. “The effects of higher U.S. tariffs are increasingly being felt across Brazilian industry: 20 of the country’s 27 states reduced their exports to the U.S. market during the first half of the year. Following today’s announcement, the situation is likely to worsen, further eroding the competitiveness of Brazilian industry. We must do everything possible to reverse this trend and restore the relationship that Brazil and the United States have built,” said Ricardo Alban, President of the CNI. The tariffs adopted by the United States since 2025 have already affected bilateral trade. Brazilian exports to the U.S. market fell 13%, equivalent to approximately US$2.6 billion. The decline was partly driven by an 8.7% decrease in industrial goods exports, particularly semi-finished iron and steel products, pig iron, chemical wood pulp made from non-coniferous materials, petroleum oils, and semi-finished products made from other steel alloys. Despite the decline, the United States remained the largest destination for Brazilian manufactured exports during the period. The impact of the tariffs introduced since 2025 is also reflected at the state level. During the first half of this year, 20 of Brazil’s 27 states, as well as the Federal District (Brasília), recorded lower exports to the United States compared with the same period in 2025. Competitive Pressure The Federation of Industries of the State of Minas Gerais (FIEMG) also

Honduras; Honduras Nears Record Coffee Exports; Social Conflicts Rise Over Water and Land; Panama and Honduras Strengthen Regional Integration.

Friday, July 10, 2026. Honduras Weekly Overview Honduras continues to occupy a strategically important position in Central America, with this week’s developments reflecting the country’s ongoing efforts to strengthen governance, promote economic growth, and address long-standing security challenges. Under the administration of President Nasry Asfura, the country remains focused on improving economic conditions, attracting foreign investment, enhancing public security, and reinforcing institutional stability. As one of the region’s key transit and commercial hubs, Honduras remains heavily influenced by issues involving organized crime, migration, foreign investment, and regional diplomacy. Decisions made by the Honduran government frequently have implications beyond its borders, particularly for neighboring countries, international businesses, and organizations operating throughout Latin America. During the past week, attention has focused on a range of developments spanning public security, government policy, economic initiatives, judicial affairs, and international relations. President Asfura’s administration continues to pursue measures aimed at combating criminal organizations while balancing the need to encourage investment, strengthen public institutions, and maintain political stability. At the same time, Honduras remains actively engaged with regional and international partners on matters involving migration, infrastructure development, trade, and security cooperation. For the investigative, legal, and corporate risk communities, Honduras presents an environment where political decisions, regulatory changes, and security conditions can directly influence business operations and risk exposure. Understanding these evolving developments is essential for organizations with personnel, assets, or commercial interests in the country. This week’s summary highlights the most significant events and emerging trends that may impact the operating environment, providing readers with a concise overview of the issues shaping Honduras today. Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Private Construction in Honduras Declined 10.9% in the First Quarter Private construction in Honduras began 2026 with a weak performance. During the first quarter of the year, total built area reached 448,600 square meters, representing a 10.9% year-over-year decline, or 54,600 fewer square meters compared with the same period in 2025, according to the Covered Private Construction Survey (ECOPT) published by the Central Bank of Honduras (BCH). The primary driver of the contraction was a decline in residential construction, the segment that traditionally accounts for the largest share of the sector’s activity. According to the report, residential projects totaled 289,700 square meters, marking a 21.1% decrease compared with the first quarter of the previous year. The BCH attributed the decline mainly to lower levels of housing and apartment construction following the completion of several major residential developments in 2025. Given its significant share of overall construction activity, the residential segment had the greatest impact on the sector’s negative performance during the quarter. Commercial construction also declined. A total of 98,800 square meters was built during the quarter, representing a 7.9% year-over-year decrease. However, construction of retail premises increased 14.5%, helping offset declines in other types of commercial developments. Despite the overall downturn, several economic segments posted positive results. Buildings dedicated to services reached 25,100 square meters, driven primarily by the construction of primary and specialized healthcare facilities, including a project exceeding 2,000 square meters in San Pedro Sula, along with other complementary developments. This segment expanded 11.6% compared with the same quarter of 2025. Industrial construction also exceeded 35,000 square meters, supported by the development of industrial facilities in San Pedro Sula, Villanueva, and Choloma, while the “Other” category recorded a 54.7% increase. In terms of project volume, 2,255 new covered private construction projects were registered during the first quarter. Of these, 90.1% were residential developments, concentrated mainly in the Central District, Juticalpa, San Pedro Sula, and Santa Rosa de Copán. The remainder consisted of commercial, service, and industrial projects. Construction activity remained concentrated in Honduras’ largest urban centers. San Pedro Sula and the Central District accounted for 53% of the total built area, while cities such as Choluteca, Santa Rosa de Copán, Siguatepeque, and La Ceiba recorded notable residential, commercial, and industrial developments, reflecting that despite the sector’s slowdown, investment opportunities continue to emerge across different regions of the country. READ ORIGINAL ARTICLE HERE Who Will Buy the Presidential Aircraft? Bids to Be Opened This Friday, July 10 The sale of the presidential Embraer Legacy 600 will enter a key stage this Friday, July 10, with the opening of bids to determine the aircraft’s buyer, according to Finance Minister Emilio Hércules. The minister said the process will be conducted publicly and transparently, with the coordinated participation of the Ministry of National Defense, the General Directorate of State Assets, and the Ministry of Finance, the agencies responsible for carrying out the sale authorized by the National Congress. “From 9:00 a.m. to 11:00 a.m., bids will be received to identify the proposal that is most beneficial for our country,” Hércules said. He explained that the sale fulfills a commitment made by President Nasry Asfura when he signed the law authorizing the disposal of the aircraft and is intended to reduce the costs associated with maintaining the presidential jet. “We expect that tomorrow, through an open, public, and transparent process, the bidder who will acquire this presidential aircraft will be selected,” he added. Hércules stated that, so far, more than seven domestic and international bidders have expressed interest in purchasing the aircraft, although he said he did not know the identities of the participants. He explained that bids will be submitted in sealed documents to ensure confidentiality during the initial stage, after which they will be opened publicly. Addressing questions about the aircraft’s technical condition, the finance minister said the government does not have specific concerns and confirmed that an assessment was conducted jointly with the Honduran Air Force before the aircraft was put up for sale. “We are not going to sell something that has defects,” Hércules said in response to reports suggesting possible mechanical issues with the aircraft. He added that, because the sale is being conducted through a public auction, the final price will depend on the highest and most advantageous bid for the State. “This is a public auction, so the final price will

Venezuela; Quake Mass Casualties; US Deportees Trapped in Collapsed Hotel; Police Arrested for Looting.

Friday, July 3, 2026. Venezuela: When Natural Disaster Meets Human Failure The events that have unfolded in Venezuela over the past week represent one of the most devastating catastrophes Latin America has faced in decades. What began as two powerful earthquakes quickly evolved into a humanitarian crisis of enormous proportions. With more than 2,200 confirmed fatalities, thousands injured, and tens of thousands displaced, the death toll continues to rise as rescue teams work tirelessly through the rubble of entire communities reduced to ruins. The state of La Guaira has suffered the most extensive destruction, with widespread structural failures leaving entire neighborhoods uninhabitable. As engineers and structural experts continue their inspections, the focus has shifted beyond the sheer force of nature to the vulnerability of many of the buildings that collapsed. Investigators are examining whether deficiencies in construction materials, engineering practices, and foundation design contributed to the scale of the destruction. Should these findings be confirmed, the disaster will not be remembered solely as the result of an earthquake, but also as the consequence of years of inadequate construction standards, insufficient oversight, and systemic failures in building practices. Equally concerning are the growing questions surrounding the emergency response. While countless firefighters, medical personnel, military units, volunteers, and international rescue teams have worked around the clock to save lives, reports have emerged describing operational delays, restrictions on rescue efforts, and coordination challenges that may have hindered life-saving operations during the critical first hours after the disaster. These accounts have fueled an important discussion about whether every decision made in the immediate aftermath placed the preservation of human life above all other considerations. The lessons emerging from this tragedy extend far beyond Venezuela’s borders. Earthquakes cannot be prevented, but their consequences can often be mitigated. Sound engineering, strict enforcement of building codes, effective emergency preparedness, transparent governance, and seamless coordination among responding agencies frequently determine whether a natural disaster remains an emergency or escalates into a national catastrophe. In this special edition, we examine not only the immediate impact of these devastating earthquakes, but also the critical questions that inevitably arise once the dust begins to settle: What failed? What could have been prevented? And what lessons should governments, businesses, and communities learn to better prepare for the disasters of tomorrow? Brett Mikkelson Founder, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: The Government of Venezuela Raises the Death Toll from the Double Earthquake to 2295 The president of the Venezuelan Parliament, Jorge Rodríguez, raised this Wednesday the death toll from the double earthquake that struck northern Venezuela last week to 2,295, representing an increase of 352 deaths. According to Spain’s Ministry of Foreign Affairs, 26 of the deceased are Spanish, and there are still 12 people located under the rubble and 150 with whom contact has not yet been established. President Delcy Rodríguez has declared seven days of national mourning for the victims, starting this Wednesday. The injured, according to the latest official report, number 11,267, and most are being treated in hospitals in Caracas under precarious conditions. Jorge Rodríguez also indicated that 6,461 people have been rescued. In a formal ceremony, the acting president of Venezuela awarded the “Hero of Venezuela” decoration to rescue brigades from Switzerland and Italy, who are leaving the country, and highlighted the positive aspects of cooperation and friendship between peoples. READ ORIGINAL ARTICLE HERE One Week After the Earthquakes, La Guaira Adapts to the New Reality It has now been one week since the June 24 earthquakes, perhaps the greatest natural disaster in the history of Venezuela. In La Guaira, despite the arrival of humanitarian aid and rescue personnel, efforts to address the devastation left by the earthquakes are progressing very slowly. In total, seven days have passed since the attention of all Venezuela turned to La Guaira in an attempt to mitigate the impact of the earthquake. Despite this, in the coastal state, progress—although visible—does not appear to be advancing at the pace required to address the scale of the situation. Along the road from Maiquetía to Macuto, the scene is filled with displaced people who, some in tents and others in improvised structures, spend their time on the streets while waiting for some form of government solution. These are thousands of people surviving in the open, largely thanks to private donations. The presence of the state is reflected through members of the Bolivarian National Guard and the Bolivarian National Police, who are mainly responsible for managing vehicle traffic at dozens of checkpoints along Soublette Avenue. However, the scale of the tragedy is such that the presence of officials and foreign rescue workers is simply not sufficient. At each collapsed building where teams are searching for survivors and transporting bodies to the port of La Guaira—the improvised and centralized morgue—there are dozens of others where debris removal work has not yet begun. READ ORIGINAL ARTICLE HERE The Earthquake Puts Pressure on a Venezuelan Economy That Is Trying to Recover Through a Record Debt Restructuring Venezuela is facing the largest sovereign debt restructuring in history under the additional pressure of the earthquake suffered this week. The government of Delcy Rodríguez is working on a record-breaking debt restructuring that, if confirmed, would exceed in size the major restructurings of Greece or Argentina. It also comes at a delicate moment, with the country far from economic stability and the earthquake adding new spending needs to address the humanitarian emergency and reconstruction. Caracas formally launched a process in May to restructure public debt and that of Petróleos de Venezuela (PDVSA). In fact, the government has hired Centerview Partners, with French banker Matthieu Pigasse—former Lazard executive who has participated in major sovereign restructurings—leading the negotiations. Venezuela faces a massive debt burden and a highly fragmented creditor base that includes bondholders, bilateral lenders (especially China), and holders of arbitral awards, court judgments, and oil-related commercial debt. So far, analysts estimated external debt at between $150 billion and $200 billion. If the final figure reaches $240 billion

Chile; Reconstruction Plan Advances in Congress; Haitian Children Located; OHLA Expands Santiago Metro Projects.

Friday, June 26, 2026. Chile Chile continues to navigate a series of developments that reflect the complex political, social, and institutional dynamics shaping the country today. This week’s headlines have been dominated by debates surrounding government accountability, public security, migration oversight, and historical justice, issues that continue to influence both the national conversation and the broader operating environment for businesses and investors. Among the most significant developments are the initiation of a constitutional accusation against a former cabinet minister, ongoing discussions regarding reforms to juvenile criminal responsibility laws, and investigations into the whereabouts of migrant children whose cases have raised concerns about oversight within the immigration system. These developments come alongside judicial rulings related to crimes committed during the military dictatorship and renewed political debate over the use of inclusive language in official government communications. At the same time, Chileans are closely following the progress of the 2026 FIFA World Cup, providing a welcome point of national interest amid an otherwise active and often contentious public agenda. In this edition, we examine the key events shaping Chile’s current landscape and explore their potential implications for governance, public policy, institutional stability, and the overall business environment. Brett Mikkelson Fundador, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Assistance from Chilean and Mexican Experts Following the Earthquake in Venezuela: Key Factors in Rescue Operations Venezuela suffered one of the most devastating earthquakes in its history last night. Thousands of people were trapped beneath collapsed buildings. Assistance from rescue specialists from Mexico and Chile will be critical to ongoing rescue operations. Although Chile has not maintained diplomatic relations with Venezuela since 2024, Chilean President José Antonio Kast has already confirmed that his government will send humanitarian aid and deploy highly trained rescue teams experienced in complex disaster-response environments. The devastating event, consisting of two consecutive earthquakes, has left more than 200 people dead, although the death toll could rise into the thousands, according to estimates by the United States Geological Survey, due to the extensive damage inflicted on buildings and infrastructure. The powerful earthquakes, measuring 7.2 and 7.5 in magnitude, caused dozens of buildings to collapse, triggered widespread power outages, and generated panic among residents, particularly in the heavily affected La Guaira region and the capital city of Caracas. “I have just spoken by telephone with Venezuela’s Acting President, Delcy Rodríguez, to convey Chile’s solidarity during the difficult circumstances facing the Venezuelan people,” Kast said in a post on X. “We are coordinating the delivery of urgent humanitarian assistance and the deployment of rescue teams to respond to the earthquake emergency,” he added. Approximately 700,000 Venezuelans reside in Chile, making them the largest migrant community in the country. Mexico Ready to Assist For its part, the Mexican government confirmed the deployment of a military rescue team and medical personnel to Venezuela, President Claudia Sheinbaum announced. Mexican rescue teams are internationally recognized for their expertise in collapsed-structure search and rescue operations. Sheinbaum stated that, following an initial assessment, authorities would determine whether additional personnel would be required to provide further assistance. “Our solidarity is with the people of Venezuela,” Sheinbaum said during her morning press conference, where she also indicated that she would seek to communicate directly with Acting President Delcy Rodríguez. Sheinbaum explained that Venezuelan authorities have specifically requested Mexico’s support in the form of specialized rescue and medical personnel. Members of Civil Protection are currently participating in debris-removal operations and the search for survivors among buildings that collapsed during the earthquakes in the municipality of Chacao, located in eastern Caracas, Venezuela. The Mexican armed forces have spent five decades implementing disaster-response plans designed to assist civilian populations during emergencies. Mexico notably provided support to the United States when Hurricane Katia struck in 2017. Mexico City itself has experienced several powerful earthquakes throughout its history. Following the devastating 1985 earthquake, civilian volunteer groups known as “Los Topos” emerged. Topos México informed AFP that it is currently evaluating the possibility of deploying personnel to Venezuela. READ ORIGINAL ARTICLE HERE Chile’s PDI Locates 52 of 64 Haitian Children Reported as Missing: They Were With Their Families and Enrolled in School The Director of Chile’s Investigations Police (PDI), Eduardo Cerna, reported on Monday that 52 of the 64 Haitian minors have been located. According to a preliminary report from the Comptroller General’s Office, these children entered Chile from Haiti on charter flights in 2025 through the family reunification process, but officials had been unable to find them during field visits conducted in different municipalities. “They are all enrolled in school and registered in the healthcare system, and they are with their fathers, mothers, or siblings. They all have a direct connection with the adult they are living with,” Cerna stated. A week ago, Radio Biobío published the Comptroller General’s preliminary report, which indicated that there was no record of the whereabouts of the children and adolescents. The case led to a criminal complaint filed by the Director of the National Migration Service under the government of José Antonio Kast, Frank Sauerbaum, over a possible child trafficking offense. The official initially stated that there were more than 200 cases in this situation. Eugenio Campos, Director of the National Prosecutor’s Anti-Corruption Unit, also agreed, stating that the number of affected minors would be “more than 200” and that the cases corresponded only to the period between January and April of last year. However, last Friday, despite Sauerbaum’s criminal complaint, Kast’s own Defense Minister, Fernando Barros, firmly stated that “there is no evidence that these children are missing or lost.” The Comptroller General’s document reviewed a random sample of children who entered Chile under the responsibility of 12 adults with whom they had no blood relationship. They traveled on private charter flights as part of the family reunification process, which required them to be received by their parents, relatives, or legally authorized individuals who met specific requirements. According to the oversight body, there were 64 minors whom officials did not find at their registered

Panamá; JPMorgan Includes Cobre Panamá Reopening in 2027 Outlook; Panama’s Economy Grows 4.8% in Q1 2026; Panama Hosts OAS Assembly and 92 International Delegations.

Friday, June 19, 2026. Panamá Last night, our national football team took the field wearing the colors of our country and carrying the hopes of millions of Panamanians. Regardless of the final score, our players represented Panama with pride, determination, and heart. For a nation of just over four million people, competing on the international stage is never something we take for granted. Every match serves as a reminder of how far Panama has come and how much can be accomplished through hard work, discipline, and perseverance. That same spirit can be found far beyond the football field. Panama continues to play an increasingly important role in the region and around the world. As a center for commerce, logistics, finance, and transportation, our country remains a vital link connecting continents, economies, and cultures. The Panama Canal continues to serve as one of the world’s most strategic trade routes, while new investments and infrastructure projects help position the country for future growth. Of course, Panama is not without its challenges. Public debate surrounding economic issues, governance, security, and national development continues to shape the country’s future. These conversations are important, and they reflect a nation that is actively engaged in defining what comes next. While opinions may differ, the shared goal remains the same: a stronger, safer, and more prosperous Panama for future generations. In this week’s edition, we take a closer look at several of the issues and opportunities currently shaping our country. From developments affecting business and investment to matters of public interest and national importance, we hope to provide insights that help our readers better understand the changing landscape around us. Above all, this week is a celebration of Panama itself—a nation that continues to demonstrate resilience, ambition, and an unwavering ability to move forward. Whether in sports, business, public service, or entrepreneurship, Panama’s greatest strength has always been its people.  ¡Que viva Panamá! Brett Mikkelson Fundador, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: How Can We Understand Panama’s Most Painful World Cup Defeat? The Red Team had more possession, controlled long stretches of the match, and came close to earning a result, but ultimately paid the price for the small details that often make all the difference. For 94 minutes, Panama was on its way to a historic result. In the end, it walked away empty-handed. The 1–0 defeat to Ghana in its World Cup debut left a strange feeling. On one hand, Thomas Christiansen’s side proved that it belongs on this stage, that it can compete toe-to-toe with quality opponents, and that it did not come to Canada merely to participate. On the other hand, it once again encountered a reality that has followed the Panamanian national team since Russia 2018: World Cups do not forgive mistakes. The final statistics reflect part of what happened. Panama finished with 68% possession compared to Ghana’s 32%. For much of the match, it was the team dictating play, building from the back, attempting to create opportunities, and constantly looking to stretch the field through the wings. However, having more possession does not always mean controlling a game. Ghana accepted a secondary role for much of the contest. Organized and disciplined, it closed down central spaces and relied on a much simpler formula: recover the ball and attack quickly in transition. That strategy ultimately decided the match when the clock had already entered stoppage time. And that raises one of the biggest questions from the night in Toronto. With a draw seemingly secured and Panama’s first-ever World Cup point within reach, Panama chose to keep pushing for victory. The team did not abandon its attacking approach, continued to push its lines forward, and kept players ahead of the ball. The ambition was admirable. The outcome was devastating. On a rapid transition, Ghana found the spaces it had been waiting for throughout the match. Caleb Yirenkyi capitalized on a lethal counterattack and silenced the Panamanian supporters in the 95th minute. The play left many with the feeling that Panama was punished precisely for trying to win. Another factor that proved more significant than expected was the departure of Adalberto Carrasquilla. “Coco” returned after weeks of physical uncertainty, and while he was on the field, he provided composure, vision, and clarity in possession. Once he left the match, Panama maintained control of the ball but lost some of its attacking sharpness. The team continued to dominate possession, yet it became increasingly difficult to find routes into the opposing penalty area. The substitutions also failed to produce the desired impact. While Ghana found solutions from the bench, Panama appeared to lose some of its competitive edge. The African side’s substitutes brought speed, energy, and aggression for the final stretch. On the other side, Panama’s changes were unable to maintain the intensity or address the defensive transition issues that were beginning to emerge. Perhaps that is where another explanation lies. This was only Panama’s fourth World Cup match in its entire history. Four matches. Four defeats. It is a harsh statistic, but it also helps explain part of the context. While teams like Ghana have accumulated decades of experience competing on this stage, Panama is still building its World Cup pedigree. These are matches that demand absolute concentration for 90 minutes, where a single decision, substitution, or poorly defended transition can ultimately determine everything. That is why this defeat hurts so much. Because this time Panama was not comprehensively outplayed. It was not a night like those against Belgium or England in Russia 2018. This time, Panama competed, challenged its opponent, showed personality, and came within seconds of earning the first World Cup point in its history. That is precisely why the blow is so difficult to digest. The good news for Christiansen is that his team showed enough quality to compete in Group L. The bad news is that the margin for error has virtually disappeared. Now Panama must recover quickly. The next challenge will be Croatia,

México; Mercado Libre’s $4.6B Investment in Mexico; 2026 World Cup to Drive Economic Growth; Banxico Strengthens Anti-Money Laundering Controls.

Friday, June 12, 2026. México As the world’s attention turns toward Mexico, the country finds itself navigating a period of significant opportunity, transformation, and challenge. As a co-host of the 2026 FIFA World Cup, Mexico is welcoming unprecedented international scrutiny while simultaneously confronting some of the most important political, economic, and security issues in recent years. Security remains at the forefront of national discussion. The Mexican government continues its aggressive campaign against organized crime, seeking to demonstrate tangible progress in combating cartel influence and restoring public confidence. Recent operations against major criminal organizations have generated both optimism and concern, as authorities work to prevent the fragmentation and retaliatory violence that often follow high-profile enforcement actions. At the same time, preparations for the World Cup have prompted one of the largest security deployments in the country’s history, with authorities determined to ensure a safe and successful international event. Beyond security, Mexico is experiencing a period of significant political evolution. The implementation of judicial reforms and recent judicial elections have sparked debate regarding the future of the country’s legal system, institutional independence, and governance. These developments are being closely monitored by both domestic observers and the international community as Mexico continues to redefine the balance between democratic accountability and judicial autonomy. Economically, Mexico remains one of the most strategically important countries in the Western Hemisphere. Ongoing discussions surrounding the 2026 review of the United States-Mexico-Canada Agreement (USMCA) have placed trade, manufacturing, supply chains, and nearshoring opportunities at the center of bilateral relations. Business leaders and investors are closely watching these negotiations, recognizing that the outcomes will influence North American competitiveness and economic growth for years to come. Meanwhile, economic indicators present a mixed picture. While Mexico continues to benefit from foreign investment, manufacturing growth, and the advantages of geographic proximity to the United States, policymakers are also facing slower economic growth projections, inflationary pressures, and broader geopolitical uncertainties. The upcoming World Cup is expected to provide a substantial boost to tourism and local economies, offering an opportunity to showcase Mexico’s resilience, culture, and economic potential on the global stage. For security professionals, investigators, and business leaders operating throughout Latin America, Mexico remains one of the region’s most influential countries—a nation where developments in public security, trade, governance, and economic policy frequently produce ripple effects far beyond its borders. Understanding these dynamics is essential to understanding the broader trends shaping the future of the region. In this week’s edition, we examine the key developments currently influencing Mexico’s security environment, political landscape, economic outlook, and international relationships. Brett Mikkelson Fundador, B.M. Investigations, Inc. – Private Investigations in Panama. TOP NEWS and TIDBITS: Mercado Libre Announces Historic $4.6 Billion Investment in Mexico, Creating 8,500 Jobs Mexico continues to be one of Mercado Libre’s most important markets. As part of its 2026 plans, the company announced a $4.6 billion investment and the creation of 8,500 new jobs in the country. The investment will be directed toward strengthening various areas of its operations, including logistics infrastructure, technology development, financial services, and workforce expansion. Through these initiatives, the company aims to broaden the reach of its e-commerce and digital payments ecosystem across Mexico. Where Will the Money Be Invested? According to the company, the $4.6 billion investment includes both capital expenditures and operating expenses. A portion of the funds will be allocated to expanding and strengthening Mercado Libre’s logistics network, while another portion will support technological development, innovation, and the growth of the financial services offered through Mercado Pago. The investment also includes initiatives to strengthen the company’s brands and enhance the operational capabilities and service reach of both Mercado Libre and Mercado Pago throughout Mexico. Mercado Libre Will Hire 8,500 Employees Alongside the investment announcement, the company revealed plans to create 8,500 new jobs in Mexico during 2026. Most of the new hires will support logistics operations, although opportunities will also be available in business teams and corporate functions across both Mercado Libre and Mercado Pago. With these additions, Mercado Libre’s workforce in Mexico is expected to exceed 42,000 employees by the end of next year. Investing in the Digital Ecosystem David Geisen, Senior Vice President of Commerce for Hispanic Markets and General Manager of Mercado Libre Mexico, stated that the investment is intended to strengthen the company’s logistics infrastructure, technological innovation, and financial solutions in the country. “We are strengthening our logistics infrastructure, innovations, and financial solutions that enable millions of Mexicans, entrepreneurs, and SMEs to grow, while ensuring our users enjoy the best possible experience,” said Geisen. According to the executive, the company remains focused on developing new tools and solutions for sellers, buyers, entrepreneurs, and small and medium-sized businesses that rely on its digital ecosystem. READ ORIGINAL ARTICLE HERE 2026 World Cup: Mexico City, Jalisco, and Nuevo León to Serve as Mexico’s Economic Engines Juan José Sierra Álvarez, President of COPARMEX, Analyzes How Mexico City, Jalisco, and Nuevo León Are Positioned to Capitalize on the Opportunities Presented by the 2026 World Cup In an interview, Juan José Sierra Álvarez, President of COPARMEX, discussed Mexico’s economic outlook ahead of the 2026 FIFA World Cup. With more than 184,000 new businesses established in Mexico City, Jalisco, and Nuevo León between 2020 and 2024, he highlighted the security, rule of law, and mobility challenges that must be addressed to ensure the tournament becomes not only a major sporting event but also a long-term investment platform. Between 2020 and 2024, Mexico City, Jalisco, and Nuevo León added approximately 184,000 new business establishments, reflecting increased investment, service-sector expansion, and growing entrepreneurial activity. Sierra emphasized that this figure not only underscores the growth of the business ecosystem in the host regions but also demonstrates the infrastructure development undertaken in preparation for the World Cup. In Mexico City alone, for example, more than 70% of businesses already identify direct economic benefits associated with the organization of the tournament. READ ORIGINAL ARTICLE HERE Decline in Investment Will Affect Economic Growth Capacity Investment in Mexico is experiencing a deeply concerning contraction. Last

Nicaragua; China Imports from Nicaragua Fall 50%; Rubio Excludes Nicaragua from U.S. Allies; UN Calls for Probe into Indigenous Leader’s Death.

Friday, June 5, 2026. Nicaragua Nicaragua, often referred to as the “Land of Lakes and Volcanoes,” is a country of remarkable contrasts, resilience, and enduring character. Situated in the heart of Central America, it is blessed with extraordinary natural beauty, from the vast waters of Lake Nicaragua, the largest lake in Central America, to dramatic volcanic chains, lush rainforests, pristine beaches on both the Pacific and Caribbean coasts, and charming colonial cities that tell the story of centuries of history and cultural development. For those who have had the opportunity to visit Nicaragua, one quickly discovers that beyond its landscapes lies a warm and welcoming people whose hospitality and pride in their nation are among its greatest strengths. Today, Nicaragua continues to occupy an important place within the Central American region. While international headlines often focus on political developments and debates surrounding governance and human rights, the country itself remains far more complex than the headlines suggest. Nicaragua is a nation of entrepreneurs, farmers, business leaders, professionals, and families who continue to work toward building opportunities and prosperity despite the challenges that have shaped much of its modern history. Like many nations, Nicaragua faces obstacles, yet it also demonstrates a remarkable ability to adapt, endure, and move forward. Economically, Nicaragua has shown notable resilience in recent years. While much of the world has experienced periods of uncertainty and fluctuating growth, Nicaragua has continued to attract investment in key sectors such as agriculture, manufacturing, renewable energy, construction, and tourism. Remittances from Nicaraguans living abroad continue to play a significant role in supporting families and contributing to economic activity, while ongoing infrastructure projects seek to improve transportation, connectivity, and development opportunities throughout the country. These efforts have helped position Nicaragua as an increasingly relevant participant in regional commerce and trade. Tourism remains one of the country’s most promising sectors. Travelers seeking authentic experiences are discovering Nicaragua’s unique combination of adventure, culture, and affordability. Destinations such as Granada, León, San Juan del Sur, and Ometepe Island offer visitors opportunities to explore colonial architecture, active volcanoes, world-class surfing, ecological reserves, and rich cultural traditions. Increasingly, Nicaragua is being recognized as a destination that provides many of the attractions found elsewhere in the region while retaining a sense of authenticity and tranquility that has become increasingly rare. At the same time, Nicaragua continues to navigate significant political and social challenges. The country’s leadership remains the subject of international attention, and discussions surrounding governance, democratic institutions, and civil liberties continue to be important topics both within Nicaragua and throughout the international community. These developments have influenced diplomatic relations, migration patterns, and international perceptions of the country. Nevertheless, the Nicaraguan people continue to demonstrate resilience and determination, qualities that have characterized the nation throughout its history. Migration also remains an important issue affecting many Nicaraguan families. Like several countries throughout Latin America, Nicaragua has seen citizens seek opportunities abroad, contributing to vibrant Nicaraguan communities in neighboring countries, the United States, and beyond. These communities maintain strong ties to their homeland, helping support economic growth and preserving cultural connections across borders. For members of the Council of International Investigators and the broader investigative profession, Nicaragua represents a country of growing importance within the region. Its expanding business environment, international commercial activity, legal developments, and cross-border economic relationships create opportunities for investigative professionals, security specialists, compliance experts, and risk management practitioners. Understanding Nicaragua requires looking beyond simple narratives and appreciating the complexity of a nation that continues to evolve while remaining deeply rooted in its traditions, culture, and identity. As we turn our attention to Nicaragua this week, we recognize a nation shaped by history, strengthened by adversity, and defined by the determination of its people. Whether viewed through the lens of business, security, culture, or regional development, Nicaragua remains an important and fascinating part of the Central American landscape, one whose future will undoubtedly continue to influence the region for years to come. Brett Mikkelson Fundador, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Nicaragua’s Exports to China Decline During the First Quarter of 2026 Nicaragua’s exports to China fell by 50.4% during the first quarter of 2026, accounting for just 1.4% of the country’s total exports, while the United States absorbed 41.1%, according to an analysis by La Prensa based on official statistics from the Central Bank of Nicaragua. The data show that despite the political and commercial rapprochement between Daniel Ortega’s regime and Beijing, Nicaragua’s economy continued to concentrate its external sales on the U.S. market. Between January and March, Nicaragua exported goods worth USD 1.983 billion, excluding free trade zones, according to the Central Bank of Nicaragua. Of that total, the United States purchased USD 814.5 million, while China bought only USD 27.9 million, according to the analysis. The difference was also reflected in the trade balance. Nicaragua imported USD 553.4 million worth of goods from China during the quarter and, having sold only USD 27.9 million to that market, accumulated a trade deficit of USD 525.5 million with China, according to BCN data. The opposite occurred with the United States. Imports totaled USD 485.8 million, while exports reached USD 814.5 million, resulting in a trade surplus of USD 328.7 million for Nicaragua, according to the official figures cited by La Prensa. Exports to China Fell from USD 56.1 Million to USD 27.9 Million in One Year The decline in the Chinese market was measured year-over-year. Export revenues to China dropped from USD 56.1 million in the first quarter of 2025 to USD 27.9 million during the same period in 2026, according to La Prensa’s analysis based on BCN data. Conversely, exports to the United States increased from USD 435 million to USD 814.5 million over the same period. This increase of USD 379.5 million represented growth of 87.2%, according to official statistics. La Prensa argued that these figures contradict the Nicaraguan government’s narrative regarding the economic benefits of its closer relationship with China. The analysis added that Managua sought