Costa Rica banks – Gran Logia Costa Rica http://granlogiacostarica.org/ Wed, 22 Sep 2021 14:27:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://granlogiacostarica.org/wp-content/uploads/2021/05/cropped-icon-1-32x32.png Costa Rica banks – Gran Logia Costa Rica http://granlogiacostarica.org/ 32 32 UN chief and UK prime minister step up pressure on leaders to secure climate change funds | Lifestyle News https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds-lifestyle-news/ https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds-lifestyle-news/#respond Tue, 21 Sep 2021 18:28:06 +0000 https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds-lifestyle-news/

United Nations: British Prime Minister Boris Johnson urged leaders of the world’s major economies, including the United States, to deliver on their commitments to a $ 100 billion a year climate fund within six weeks of the United Nations summit on the climate.

Johnson and UN Secretary-General António Guterres hosted a world leaders roundtable on Monday to address major gaps in emissions targets and climate finance.

“Too many large economies – some represented here today, others not present – are lagging too far behind,” Johnson said. “I’ll stress it once again – for this to be successful, we need the developed countries to find that $ 100 billion.”

The closed-door meeting during the annual high-level week of the United Nations General Assembly includes leaders and representatives from a few dozen countries representing industrialized countries, emerging economies and vulnerable developing countries.

Those involved in the roundtable included the United States, China, India, EU countries as well as Costa Rica, Maldives and a mix of developing and middle income and industrialized countries.

Johnson told reporters he hoped the United States could keep its promise to increase its share of money to meet the annual $ 100 billion target, but “we’ve been here before” and “we don’t. let’s not count our chickens “.

US climate envoy John Kerry, who represented the United States at Monday’s meeting, said Washington would provide more climate assistance before Oct. 31-Nov. 12 COP26 Climate Change Conference in Glasgow, Scotland.

“The United States is critically important,” Johnson said. “It will send an extremely powerful signal to the world.”

Guterres told reporters after the roundtable he had heard “encouraging statements” about raising financial support to help developing countries cope with climate change.

A UN official described the talks as “brutally honest” about the summit’s expectations and that there was “a collective sense of ‘we are in trouble'”.

Off road

The roundtable discussion aimed to ensure a positive outcome at the conference, even though reports show that major economies are far from meeting their emissions reduction targets and climate finance commitments.

Guterres also lobbied donor countries and multilateral development banks to show progress towards his goal of increasing the share of funding spent on helping countries adapt to climate change to 50%. from the current level of 21%, said Selwin Hart, Guterres’ special advisor on climate action.

A report released on Monday by Oxfam estimated that wealthy governments will continue to miss the $ 100 billion target and only hit $ 93 to 95 billion a year by 2025 – five years after the target should have been be reached, depriving climate-vulnerable countries of $ 68. billion dollars and $ 75 billion in total over the six-year target period.

Simon Stiell, Minister for Climate Resilience of Grenada, said that in the weeks leading up to the summit, pressure is being placed on the G20 group of the world’s largest economies to step up its national targets to reduce emissions. emissions and its commitments to mobilize international climate assistance.

“If you look at the role the G20 plays in the global discussion, they generate 80% of global emissions and constitute 85% of global GDP. They have the wealth and the technology to act,” he said.

Action by G20 countries can “move the needle” in terms of meeting the goals of the Paris climate agreement, Stiell said.

Guterres told Reuters in an interview last week that the divide between developing and developed countries puts the summit in danger of failure.

“There is still a level of mistrust, between north and south, developed and developing countries, that needs to be overcome,” Guterres said.

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UN and partners launch billion dollar initiative to transform cities for people and planet https://granlogiacostarica.org/un-and-partners-launch-billion-dollar-initiative-to-transform-cities-for-people-and-planet/ https://granlogiacostarica.org/un-and-partners-launch-billion-dollar-initiative-to-transform-cities-for-people-and-planet/#respond Tue, 21 Sep 2021 09:54:40 +0000 https://granlogiacostarica.org/un-and-partners-launch-billion-dollar-initiative-to-transform-cities-for-people-and-planet/

New York, September 21, 2021 – Today during NYC 2021 Climate Week, the United Nations Environment Program (UNEP), the Global Environment Facility (GEF) and their partners launched UrbanShift – a new global initiative to improve life and transform cities into green and livable spaces that fight climate change, biodiversity loss and pollution.

Cities are home to 4.2 billion people, more than half of the world’s population. But they face growing challenges – from floods, storms and heat waves triggered by the climate crisis to dangerous air quality, lack of affordable housing and deep social divides.

Cities are already responsible for about 70 percent of all greenhouse gas emissions. By 2050, they must become carbon neutral to keep the global temperature rise below 1.5 ° C, while reaching nearly 70% of the world’s population.

UrbanShift will help 23 cities in Argentina, Brazil, China, Costa Rica, India, Indonesia, Morocco, Rwanda and Sierra Leone to adopt integrated approaches to urban development, thus helping to shape efficient, resilient cities. and inclusive. It builds on the lessons and experiences of the Integrated Approaching Sustainable Cities pilot program that was launched by the GEF during its sixth replenishment cycle.

UrbanShift works with cities to promote integrated development approaches such as nature-based solutions, low-carbon public transport systems, low-emission zones and integrated waste management.

Its objectives include avoiding more than 130 million tCO2e of greenhouse gas emissions, equivalent to one year of emissions from 32 coal-fired power stations. UrbanShift will also improve the management and restoration of approximately one million hectares of land. With $ 146 million in GEF funding and $ 1.7 billion in co-funding, UrbanShift will improve integrated planning in target cities, which will impact the lives of more than 58 million people.

“Cities are at the forefront of the triple global crisis of climate change, loss of nature and biodiversity, and pollution and waste,” said UNEP Executive Director Inger Andersen. “However, our cities also have the power to address these challenges while increasing the resilience of their citizens and infrastructure. “

“As we focus on the pressing issues of climate change this week, first and foremost we need to transform the ingenuity and work we have shown in building our cities to rethink how they work. UrbanShift will be a key tool in helping city leaders do just that. “

The program will mobilize mayors, the private sector, city networks, United Nations agencies, multilateral development banks and many other partners to support national and municipal governments. It also builds a knowledge and learning platform to connect cities with global expertise and cutting-edge research, while providing a space to share experiences and forge partnerships.

“In an increasingly invasive urban world, investing in our cities is one of the best ways to achieve global environmental benefits in all sectors – from biodiversity conservation to reducing carbon emissions and improving environmental sustainability. ‘increasing resilience to shocks such as climate events and pandemics, “said Carlos Manuel Rodriguez, CEO and President of the GEF.

UrbanShift aligns with the vision of Agenda 2030 to consider the integrated and indivisible social, environmental and economic dimensions. UrbanShift will particularly contribute to Sustainable Development Goal 11 aimed at making cities and human settlements inclusive, safe, resilient and sustainable, but also several other SDGs such as SDG13, SDG3 and SDG15.

Remarks

About UrbanShift

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UN chief and UK prime minister step up pressure on leaders to secure climate change funds https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds/ https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds/#respond Mon, 20 Sep 2021 21:44:00 +0000 https://granlogiacostarica.org/un-chief-and-uk-prime-minister-step-up-pressure-on-leaders-to-secure-climate-change-funds/

UNITED NATIONS, Sept. 20 (Reuters) – British Prime Minister Boris Johnson has urged leaders of major world economies, including the United States, to meet their commitments to a $ 100 billion a year climate fund within six weeks a United Nations climate summit.

Johnson and UN Secretary-General António Guterres hosted a world leaders roundtable on Monday to address major gaps in emissions targets and climate finance.

“Too many large economies – some represented here today, others not present – are lagging too far behind,” Johnson said. “I’ll stress it once again – for this to be successful, we need the developed countries to find that $ 100 billion.”

The closed-door meeting during the annual high-level week of the United Nations General Assembly includes leaders and representatives from a few dozen countries representing industrialized countries, emerging economies and vulnerable developing countries.

Those involved in the roundtable included the United States, China, India, EU countries as well as Costa Rica, Maldives and a mix of developing and middle income and industrialized countries.

Johnson told reporters he hoped the United States could keep its promise to increase its share of money to meet the annual $ 100 billion target, but “we’ve been here before” and “we don’t. let’s not count our chickens “.

US climate envoy John Kerry, who represented the United States at Monday’s meeting, said Washington would provide more climate assistance before Oct. 31-Nov. 12 COP26 Climate Change Conference in Glasgow, Scotland.

“The United States is critically important,” Johnson said. “It will send an extremely powerful signal to the world.”

Guterres told reporters after the roundtable he had heard “encouraging statements” about raising financial support to help developing countries cope with climate change.

A UN official described the talks as “brutally honest” about the summit’s expectations and that there was “a collective feeling of ‘we are in trouble'”.

OFF ROAD

The roundtable discussion aimed to ensure a positive outcome at the conference, although reports show that major economies are far from meeting their emissions reduction targets and climate finance commitments.

A UN analysis of countries’ commitments under the Paris climate agreement released on Friday showed global emissions to be 16% higher in 2030 than they were in 2010 – far the 45% reduction by 2030 which scientists say is necessary to avoid disastrous climate change.

Another report released Friday by the Organization for Economic Co-operation and Development says rich countries likely missed their target of contributing $ 100 billion last year to help developing countries cope with climate change after rising funding of less than 2% in 2019.

Guterres also lobbied donor countries and multilateral development banks to show progress towards his goal of increasing the share of funding spent on helping countries adapt to climate change to 50%. from the current level of 21%, said Selwin Hart, Guterres’ special advisor on climate action.

A report released on Monday by Oxfam estimated that wealthy governments will continue to miss the $ 100 billion target and only hit $ 93 to 95 billion a year by 2025 – five years after the target should have been be reached, depriving climate-vulnerable countries of $ 68. billion dollars and $ 75 billion in total over the six-year target period.

Simon Stiell, Minister for Climate Resilience of Grenada, said that in the weeks leading up to the summit, pressure is being placed on the G20 group of the world’s largest economies to step up its national targets to reduce emissions. emissions and its commitments to mobilize international climate assistance.

“If you look at the role the G20 plays in the global discussion, they generate 80% of global emissions and constitute 85% of global GDP. They have the wealth and the technology to act,” he said.

Action by G20 countries can “move the needle” in terms of meeting the goals of the Paris climate agreement, Stiell said.

Guterres told Reuters in an interview last week that the divide between developing and developed countries puts the summit in danger of failure.

“There is still a level of mistrust, between north and south, developed and developing countries, that needs to be overcome,” Guterres said.

Reporting by Michelle Nichols at the United Nations and Valerie Volcovici in Washington; Additional reporting by Elizabeth Piper in London; Editing by Mary Milliken and Grant McCool

Our Standards: Thomson Reuters Trust Principles.

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Could investing in faucets and toilets be the key to unlocking developing economies? https://granlogiacostarica.org/could-investing-in-faucets-and-toilets-be-the-key-to-unlocking-developing-economies/ https://granlogiacostarica.org/could-investing-in-faucets-and-toilets-be-the-key-to-unlocking-developing-economies/#respond Mon, 20 Sep 2021 14:52:04 +0000 https://granlogiacostarica.org/could-investing-in-faucets-and-toilets-be-the-key-to-unlocking-developing-economies/

* This article was originally published by the Financial Times as part of its Partner Content. *

Investing in universal access to water, sanitation and hygiene could generate huge economic gains over the next two decades – but mobilizing finance is not easy

World leaders looking for a way to rebuild struggling economies may hold the key to prosperity in their bathrooms. Of the many infrastructure investments that could help create prosperity in the years to come, one of the most powerful – and overlooked – is universal access to faucets and toilets. Research from Vivid Economics for the international NGO WaterAid showed that every dollar invested in water, sanitation and hygiene (WASH) could generate up to $ 21 in return. The analysis showed that giving every home a toilet connected to a safely managed sewerage system or off-grid could generate $ 86 billion in wealth per year.

Likewise, giving everyone access to soap and water for washing their hands could bring in $ 45 billion a year, and providing a tap in every household could bring in $ 37 billion. The value of WASH investments is likely to increase, due to the increasing impact of climate change. Already, research shows, a dollar spent on flood resistance can save $ 62 in costs associated with worsening flooding. “Our comprehensive benefit-cost analysis shows that investing in WASH is a triple win,” says Caroline Vexler, senior economist at Vivid Economics.

“It can unlock billions of economic opportunities and health savings at relatively low cost; it can meet the key objectives of post-Covid-19 stimulus spending; and can build resilience in the face of growing global risks. ”

“Freeing women from the burden of collecting water, by giving every household a tap, could allow them to contribute 122 million additional working days per year to the global economy”

Part of the dividends from investing in WASH should come from empowering women. In most communities where people do not have access to running water at home, it is mainly girls and women who obtain water. Globally, women spend an average of 200 million hours a day fetching water. Freeing women from this burden, by giving every household a tap and running water, could allow them to contribute 122 million additional working days per year to the global economy.

At the same time, providing private toilets in schools could improve menstrual health and hygiene, reducing dropout rates. In low-income countries, each additional year of schooling has been shown to increase long-term income prospects by up to 10%. Despite these obvious benefits, investing in WASH has been largely overlooked by donors. For years, says Jennifer Sara, the World Bank Group’s global director of water practice, water has been “undervalued and underestimated.”

“Because water appears to be a ubiquitous renewable resource, its value is often underestimated,” explains Scott Gunter, managing director of insurer Axa XL. “Certainly, as the world’s most essential resource, water systems – natural and man-made – are poorly understood,” he adds. Perhaps this is why “the water and sanitation sector has been underfunded for decades, especially outside urban areas,” says Laura Chinchilla, former president of Costa Rica and world leader in the sanitation and water for all global partnership.

“In rural areas and small towns, as well as in informal settlements around the world, access to these vital services is often deplorable,” says Chinchilla. “The Covid-19 pandemic has exacerbated these inequalities and highlighted the fragile situation of service providers in many countries. ”

Research has shown that for there to be universal access to safe drinking water by 2030 and to meet the United Nations Sustainable Development Goal, $ 229 billion in capital investment would be needed each year. This is only about one and a half times what the UK spends on a high speed rail link between London and Birmingham and, in theory, should be an attractive proposition for private investors, given the potential return on investment.

“By 2050, 45% of the world’s domestic product should be threatened by water-related problems”

However, WASH investments are difficult for private sector investors because the societal benefits they generate do not easily translate into traditional income streams. But awareness of the need to invest in WASH is expected to grow as climate change results in water stress for more people, businesses and economies. Today, more than 25% of the world’s population lives in areas under water stress, according to the United Nations Global Compact, a voluntary initiative based on the commitment of business leaders to implement universal principles of sustainability. There will be a 56% shortage of freshwater supply over the next decade, he says.

And, by 2050, 45% of the world’s domestic product is expected to be threatened by water-related problems. To combat this threat, the CEO Water Mandate initiative of the United Nations Global Compact launched in November 2020 the Water Resilience Coalition, which aims to preserve the world’s freshwater resources, with the support of AB InBev, Diageo, Dow , Ecolab, Gap Inc, Microsoft and PVH Corp.

“Fortunately, we are seeing increased private sector engagement in WASH, as it shifts from philanthropic activity to corporate sustainability activity, and evolves from access alone to resilience,” said Jason Morrison, responsible for the water mandate of the CEO of the United Nations Global Compact. “The view that WASH is only a cost to business and a responsibility for the health and safety of workers may be outdated. The growing awareness of the risks associated with climate change in providing and maintaining access to water, sanitation and hygiene has opened a new narrative for WASH resilience. ”

Initiatives such as the Resilient Water Accelerator – which aims to protect 50 million people from climate and health threats by improving their access to clean water – demonstrate how private funding for WASH projects could be unlocked. Led by HRH The Prince of Wales ‘Sustainable Markets Initiative, the accelerator brings together leading companies with national governments to ensure that more funding is accelerated to provide and protect communities’ vital water services.

Observers hope that such large-scale initiatives will attract more private investment in WASH, bolstering support from development agencies and other public sector and non-government actors. Rick Lacaille, executive vice president and global head of environment, social and governance at State Street Corporation, said engaging private sector investors will likely require a partnership approach involving intermediaries capable of bringing together field projects and bundle them into bond offerings.

“Investors buy financial instruments from people they trust a lot, where the risk is low,” he says. “So people will invest money in multilateral development banks from which they will buy green bonds. These institutions need to connect to local projects, through local governments, to find and find opportunities which they can then fund.

As it turns out, concessional finance providers are already laying the groundwork for such collaborative ventures. The World Bank, for example, is working with national governments to introduce stable regulatory frameworks and creditworthy public services in which private sector finance will want to invest.

An example of this approach is a financial package of 1.1 billion dollars agreed with Luanda, the capital of Angola. Here, concessional finance will serve as a safety net to help private finance participate in the development of water production, transmission and distribution facilities that will benefit 2 million citizens.

And getting businesses to invest in water is only part of the equation. As climate change increases the pressure on the world’s water resources, it is likely that many companies will increase their investments just as a means of survival.

“For many companies, water is a strategic priority,” says Dr Rory Sullivan, Managing Director of Chronos Sustainability, a specialist consulting firm. “Without clean, reliable water, their businesses cannot function and their employees are much less likely to be healthy. Companies that are large users of water may find themselves in competition or even in conflict with other water users.

With growing awareness of the importance of water, the stage is set to increase investments in water, sanitation and hygiene. The key now is to get public and private sector stakeholders to work together in a way that maximizes benefits for millions of people.

Disclaimer

World Bank Group published this content on September 20, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 20, 2021 14:51:08 PM UTC.

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EMERGING MARKETS – Evergrande contagion fears in China are wreaking havoc in all markets https://granlogiacostarica.org/emerging-markets-evergrande-contagion-fears-in-china-are-wreaking-havoc-in-all-markets/ https://granlogiacostarica.org/emerging-markets-evergrande-contagion-fears-in-china-are-wreaking-havoc-in-all-markets/#respond Mon, 20 Sep 2021 14:42:33 +0000 https://granlogiacostarica.org/emerging-markets-evergrande-contagion-fears-in-china-are-wreaking-havoc-in-all-markets/

Band Susan Mathew

September 20 (Reuters)Concerns about the fallout from a possible default by property developer China Evergrande caused emerging market bonds to spiral downwards on Monday, as stocks and currencies experienced their worst fall in a month.

Central bank meetings this week, notably those in Brazil and Turkey, and eagerly awaited hints of weakening US Federal Reserve stimulus have also weighed on emerging market assets. MKTS / GLOBFRX /

Declines between 0.2% and 0.8% for Latin currencies made pain worse for the MSCI Emerging Currency Index .MIEM00000CUS. The real one from Brazil BRBY, BRL = remained at a four-week low ahead of an expected 100 basis point interest rate cut on Wednesday.

Money-strapped Evergrande shares 3333.HK hit decade lows, while real estate stocks in Hong Kong were also hit on Monday. The company began to reimburse investors in its wealth management products with real estate. .HK

“At the moment, I see no systemic risk to the global economy associated with the Evergrande situation,” said David Bahnsen, chief investment officer at The Bahnsen Group.

“But there is no need for systemic risk for markets to be affected as there is not enough clarity on how the challenges of Evergrande may affect the global economy and this uncertainty is enough to scare people away. the steps.”

China’s cost of insuring against default has peaked nearly a year, according to data from IHS Markit.

As of last week, a measure of high yielding Asian debt .MERACYC had fallen to its lowest level in April, while the corporate bond counterparty .MEREMHA hit the lows of June 2020.

Chinese markets have been closed for a holiday.

Elsewhere, bonds from South Africa, Turkey, Sri Lanka, Costa Rica and El Salvador have all been affected.

Among stocks, those of Chile fell nearly 3%, while those of Brazil .BVSP, South Africa .JTOPI and Poland .WIG20 lost more than 2%, with shares in Sao Paulo hitting 6.5-month lows.

Those in Russia .IMOEX, Turkey .XU100 and Mexico .MXX were well in the red too.

The Argentine peso strongly controlled AES = RASL fell about 0.2% after President Alberto Fernandez reshuffled his cabinet on Friday following a standoff between more moderate and militant factions in the government that threatened to derail the governing coalition.

Main Latin American Stock Indices and Currencies at 2:14 p.m. GMT:

Stock market indices

Latest

% daily change

MSCI Emerging Markets .MSCIEF

1257.24

-1.73

MSCI Latin America .MILA00000PUS

2264.88

-2.4

Brazil Bovespa .BVSP

108936.46

-2.25

Mexico CPI .MXX

50842.65

-0.91

Chile IPSA .SPIPSA

4354.18

-2.49

Argentina MerVal .MERV

Colombia COLCAP .COLCAP

1313.75

-0.61

Currencies

Latest

% daily change

Real brazil BRBY

5.3266

-0.75

mexican peso MXN = D2

20.1496

-0.67

Chilean peso CLP = CL

787.7

-0.67

Colombian peso COP =

3829.74

-0.12

Peru soil PEN = PE

4.118

-0.44

Argentine peso (interbank) ARS = RASL

98.4600

-0.10

Evergrande Bonds and Equities vs EMhttps: //tmsnrt.rs/3EzSPqR

(Reporting by Susan Mathew in Bangalore; editing by Alexander Smith)

((susan.mathew@thomsonreuters.com; + 91-80-6287-2704;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The Carao tree in Costa Rica: https://granlogiacostarica.org/the-carao-tree-in-costa-rica/ https://granlogiacostarica.org/the-carao-tree-in-costa-rica/#respond Sun, 19 Sep 2021 22:21:22 +0000 https://granlogiacostarica.org/the-carao-tree-in-costa-rica/

The landscape of Costa Rica is a sprawling country of greenery that engulfs you in all its beautiful variety of trees. One of the most notable is Cassia Grandis, known as Carao in Spanish. Growing from southern Mexico to South America, it is one of the native trees of Costa Rica. It is a perennial tree that reaches over 20 meters, some sometimes reaching 30 meters. It is recognizable by its dense umbrella canopy and long, cylindrical pods hanging above it.

They start out as ropes looking green and as they age and mature their color changes to brown becoming dry and wood-like. It is in fact the stamens of the flowers which evolve in these pods which end up falling to the ground.

Flowers

The Carao tree is one of many species known as the Pink Shower tree because of its pastel pink hues of blooming through the large canopy. First blooming red and progressing to pinks and oranges creating a beautiful display of color among the greenery of other trees. They grow most often in tropical dry forests, near the banks of rivers and streams, some even in flooded areas as well as around homes for their decorative appeal.

With a name like Pink Shower tree, one imagines an attractive and fragrant smell when you meet this beautiful flowering tree. However, for some it has taken on another name called Stinking Toe Tree. Perhaps the name is attributed to the smell one might think of near its pulp, that of dirty socks or sweaty wet shoes.

It’s not the most fragrant of Costa Rica’s bountiful tree species, but it makes up for that unpleasant drop in a number of other amazing ways.

The long shape of the pod produces an edible fruit which has been used for many years in home remedies. Once you are able to strip the dry black shell, separating the halves, it is soaked for almost 12 hours to easily remove and remove all the pulp. It is then boiled and cooled and can take on the consistency of molasses. This is used to make carao honey or carao honey as you can see in some stores.

It is said to be beneficial for people with anemia and as a remedy to prevent anemia as it is a natural blood builder increasing the production of red blood cells. In addition, it helps the digestive system as it has a cleansing, diuretic and stimulating effect as a laxative.

Some say it helps increase energy and stamina and even strengthens the immune system to defend against colds and flu. The most common way of ingesting it is as a drink with hot milk almost tea-like or some take it with water or orange juice depending on taste preferences.

Cultivate a carao

Carao trees are known for their ability to grow quickly and are sometimes used to aid in reforestation. The wood is used for fence posts and construction as well as a fuel source. Not only is this multifaceted tree used for natural remedies such as the external treatment of ringworm and skin infections in dogs and mange, but in the pharmaceutical sector it is used as a binder in industry.

You can grow this beautiful flowering tree on your yard for its miraculous properties or even just for floral ornamental purposes. If you plan to start from the beginning, you will need to have the seed in almost boiling water to aid the germination process. However, watch this as you don’t want to cook your seeds.

After soaking the seeds in lukewarm water for half a day to a full day. The goal is to make the seeds absorb water and then place them in their seedbed until they are about 4 to 6 cm tall. Transplant your seedlings into individual containers as they grow for almost 6 months, then they should finally be ready to plant.

Another great way to try growing them on your own is to cut vertical shoots that are about 2.5 meters long and 15cm in diameter. However, you don’t want to transplant them immediately, you will want them to rest in a shady spot for about a week, if there are several shoots, arrange them vertically, in layers for a few weeks afterwards. Once ready to plant, push them to a depth of 50cm in the ground preferably unsalted soil as they do not tolerate it well.

They will survive and grow best when exposed to full sun, as shade will greatly discourage the process of growing at a very slow rate. The length of the dry season in your area will also affect the survival and success of the Carao tree. Temperatures should range from 21-26 ° C, preferring areas with an annual rainfall of at least 1000mm as they can see the best growth, especially when it comes to flowering.

They tend to adapt well and appreciate moist, clayey soils. However, what’s great about this tree species is its drought tolerance and ability to withstand it, acclimating well to a variety of soils.

Carao during the dry season

You will find during the dry season that butterflies, bees and birds will increase their visits as the flowers are a great source of nectar for them during this time. The canopy is also a great resource for much needed shade and you will see it in some coffee plantations as well as along the roads.

I’m sure many of us have seen these hard pods lying on the ground and probably even stepped on them without realizing the greatness behind them. Maybe you’ve even seen a monkey crack open the hard shell to reach the carao inside the pods. You might think twice now as you walk past the breathtaking carao tree with a known awe that it is not just a pretty sight, but has a lot more inside it. miraculous pods.

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Borderlands: Mundi Launches Funding Tool for Mexico-Based Freight Forwarders https://granlogiacostarica.org/borderlands-mundi-launches-funding-tool-for-mexico-based-freight-forwarders/ https://granlogiacostarica.org/borderlands-mundi-launches-funding-tool-for-mexico-based-freight-forwarders/#respond Sun, 19 Sep 2021 11:00:35 +0000 https://granlogiacostarica.org/borderlands-mundi-launches-funding-tool-for-mexico-based-freight-forwarders/

Borders is a weekly recap of developments in the world of cross-border trucking and trade between the United States and Mexico. This week: Mundi launches a financing tool for freight forwarders based in Mexico; more manufacturing jobs are heading to Mexico; Dachser Mexico provides cross-border services to a tuna shipper; and CBP publishes an operational update on cross-border trade.

Mundi launches a financing tool for freight forwarders based in Mexico

The financial services platform Mundi recently launched a digital factoring solution for Mexico-based freight forwarders who export goods to the United States.

The New York-based startup said its non-recourse factoring solution could provide financial services that give transportation and logistics companies the capital to start operations as the global trade market continues to recover from the crisis. pandemic.

“We are now at a 3% higher level at the start of the pandemic, and with the entry into force of the United States-Mexico-Canada agreement, we believe that growth will continue in the years to come”, Martin Pustilnick, CEO and co-founder of Mundi, mentioned.

Founded in 2020, Mundi focuses on small and medium-sized Mexican exporters who ship to the United States, with the aim of reducing the risks and inconsistencies associated with many B2B transactions in the cross-border market.

Big banks have traditionally been the primary lenders in global trade finance, including supply chain finance, historically funding over 80% of transactions.

Big banks began to slowly withdraw from the industry over a decade ago, in part due to an increase in capital requirements – such as Basel III regulatory requirements – caused by the 2008 global financial crisis. .

Regulatory changes have been initiated by governments around the world. In July 2013, the Federal Reserve Board finalized a rule to implement the Basel III capital rules in the United States

The loss of funding from the big banks has resulted in a $ 1.5 trillion trade finance gap in global supply chains, according to Pustilnick.

Revenues for the global trade finance industry could surpass pre-coronavirus pandemic levels to reach $ 54 billion as early as 2022, according to a forecast made by Coalition, a research firm owned by S&P Global.

Mundi recently hosted a webinar titled “Key Freight Forwarding Industry Trends for 2022,” in which officials said 80% of Mexico’s export market is concentrated to the United States.

Pustilnick said there is untapped potential with small and medium-sized business (SME) exporters in Mexico in need of financial support.

One of the differences between a bank and Mundi’s factoring solution is that banks often only focus on large companies, while Mundi works with SMEs and has a 100% digital application process.

Paulina Aguilar, director of Mundi in Mexico, said her international factoring tool is focused on SMEs by giving them access to capital with longer payment terms and other benefits.

Mundi’s non-recourse factoring solution also enables freight forwarders and logistics companies to offer payment terms to their customers and receive payment immediately, without risking default.

Aguilar also said that traditional banks analyze financial history, while Mundi also takes billing and export information into account.

“One of the lessons we have learned from the COVID-19 pandemic is that the most agile organizations that are best suited to the new business environment will survive,” Aguilar said. “It also influences the way companies solve liquidity problems, demonstrating that traditional banking is falling short of the current needs of exporters and freight forwarders who are still growing.”

More manufacturing jobs in Mexico

Kawasaki Heavy Industries Ltd. and HNI Corp. recently announced the creation or expansion of manufacturing facilities in Mexico, which will create approximately 800 jobs.

Tokyo-based Kawasaki is expanding an existing motorcycle engine plant in the Mexican city of Monterrey to be completed in 2023. It will complement Kawasaki’s motorcycle plant in Lincoln, Nebraska, which the company is also developing. ‘enlarge.

Kawasaki will invest a total of $ 265 million in Monterrey and Lincoln.

The expansion in Monterrey could generate up to 550 jobs. Kawasaki did not specify how many jobs would be added at its Lincoln plant.

HNI Corp., based in Muscatine, Iowa, is investing $ 18 million to build an office furniture manufacturing plant in Saltillo, Mexico.

The plant, which is expected to be completed in 2022, will create 250 jobs.

Dachser Mexico provides cross-border services to tuna shipper

Logistics provider Dachser Mexico will oversee the transport of Tuny brand canned tuna products to the United States.

Tuny is produced by Grupomar SA, based in Mexico City, a family of companies producing canned and frozen products marketed under various brands. Grupomar also owns and operates tuna vessels and longliners.

Dachser Mexico provides trucking services from a Grupomar warehouse in Monterrey to its final destination in Laredo, Texas.

In addition to providing trucking services, Dachser Mexico also manages full container ocean freight shipments for Grupomar. FCL’s cargo will be unloaded from the Mexican port of Manzanillo to various ports in New York and Los Angeles, as well as San Juan, Puerto Rico and Puerto Caldera, Costa Rica.

Dachser USA Air & Sea Logistics is a unit of the Dachser Group based in Kempten, Germany, which provides transportation, logistics and warehousing services in maritime and road solutions.

CBP issues operational update on cross-border trade

In fiscal year 2021 to date (October to August), US Customs and Border Protection processed $ 2.6 trillion in imports, an increase of almost 15% over the same period in 2020.

CBP also seized 77,416 shipments for trade offenses during the current fiscal year.

Trade via sea shipments accounted for over 40% of the total value of imports, followed by air, road and rail transport.

CBP also seized 2,186 shipments in August that contained more than $ 300 million in counterfeit goods.

Drug seizures at ports of entry had mixed results in August, with heroin seizures down 36%, while seizures of fentanyl increased by 34%, cocaine by 32% and methamphetamine by 13%.

Click for more FreightWaves articles by Noi Mahoney.

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Tens of thousands of Haitian migrants are trapped in southern Mexico https://granlogiacostarica.org/tens-of-thousands-of-haitian-migrants-are-trapped-in-southern-mexico/ https://granlogiacostarica.org/tens-of-thousands-of-haitian-migrants-are-trapped-in-southern-mexico/#respond Sat, 18 Sep 2021 00:54:00 +0000 https://granlogiacostarica.org/tens-of-thousands-of-haitian-migrants-are-trapped-in-southern-mexico/

Preparing for a 1,000 mile journey, hundreds of migrants gathered near the central plaza of this southern Mexican city and sang a song: “UNITED STATES! UNITED STATES!”

Then they started to walk.

Less than 24 hours later, Mexican National Guard troops and immigration officials descended on a municipal basketball court where many migrants – exhausted and drenched by a tropical storm – had stopped to sleep.

They were loaded onto buses and driven 40 kilometers back to Tapachula, one of the last places on Earth they wanted to be.

This sweltering town near the Guatemalan border has become a vast open-air detention camp, a dead end for as many as 50,000 migrants who scramble daily to pay for food and shelter as they brainstorm new strategies for s ‘escape and travel to the United States.

Tapachula has long been a stopover for Central Americans traveling north. What is different now is that a large number of migrants stranded here – perhaps up to half – are from Haiti..

Their presence here is so pervasive that the city can feel like a slice of the Caribbean. Haitians line up at banks, aid agencies and mobile phone stores. They hang out in the central square. Street markets, cafes and barber shops have sprung up to serve them. Haitian music resounds in the windows.

Haitians here are not fleeing following last month’s earthquake or the July assassination of the country’s president.

Rather, they are part of the 250,000 Haitians who left their homeland after the devastating earthquake of 2010 and settled in Chile or Brazil. These two countries suffered sharp economic declines during the pandemic, causing the current exodus.

The trip to Mexico is epic, but the goal is to reach the United States – where the Biden administration is already trying to figure out what to do about an encampment of thousands of migrants, mostly Haitians, outside. from Del Rio, Texas.

Many Haitian and Central American migrants who headed north from Tapachula, Mexico were suffering from exhaustion and dehydration.

(Liliana Nieto del Rio / For The Times)

The bottleneck in Tapachula is the result of American pressure on Mexico to prevent migrants from reaching the United States.

When Donald Trump was president, he publicly threatened to destroy the Mexican economy with tariffs if the country did not move to stop the flow of migrants to the north. Mexico complied. President Biden made no public threats, but experts said his approach was similar.

“Even though the Biden administration does it more quietly, it is certainly putting as much pressure on Mexico as it was on Mexico under the last administration,” said Jessica Bolter, analyst at the Migration Policy Institute in Washington. “They are still counting on Mexico to prevent people from getting to the US-Mexico border. “

What Mexico gets in return for its cooperation is not entirely clear. But the deal could bolster U.S. requests for help on various binational issues, including trade, crime, and health, and limit White House criticism of Mexican policies.

“This puts Mexico in a much stronger position to get concessions from the United States,” said Chris Ramón, Washington immigration consultant. “To what extent does the United States treat Mexico with childish gloves on issues such as corruption and democratic retreat, in return for Mexico serving as a state of ban on migrants?”

By stopping northbound migrants, Ramón noted, Mexico is playing a role similar to what Turkey once played for the European Union, holding back migrants from Syria, Iraq and elsewhere.

A woman and children walk by the side of a road.

Migrant families march from southern Mexico to the United States

(Liliana Nieto del Rio / For The Times)

Over the past decade or so, Mexico has become an iconic transit country for migrants from around the world, and Tapachula, which typically has a population of around 350,000, has become a multilingual choke point. Passing by are people from the Caribbean, South America, Asia and Africa.

While it was common for migrants to be delayed here while awaiting Mexican transit documents, they were generally successful in continuing their journey north.

These days, however, Tapachula has become a trap. Waves of Mexican National Guard forces in riot gear, supported by immigration officials, block northbound roads.

Escape is nearly impossible for those who cannot afford the coyotes, or smugglers, who charge up to $ 10,000 per person to reach the US border.

Migrants stranded here are unlikely to find employment. Most do not have legal permission to work, and the state of Chiapas, which includes Tapachula, is one of the poorest regions in Mexico.

“There is no life for us in Tapachula,” said Jean Edelince, 36, from Port-au-Prince, Haiti, who has been in Tapachula for four months with his wife and 2-year-old daughter. . “There is no job, no money, no way to survive.”

He spoke inside a dilapidated house filled with about sixty Haitians – men, women and children. Most sleep on mats. There is a functional bathroom, no air conditioning and little running water. Tenants pool what little money they have to pay rent of about $ 3,000 per month.

To reach Tapachula, Haitians spend months crossing international borders, navigating jungles, mountains and deserts, while avoiding thieves, corrupt cops and government officials seeking bribes.

People are resting in a green area.

Large numbers of Haitians have joined recent caravans across southern Mexico. Some migrants escaped into the forest as Mexican National Guard forces dispersed the group of travelers and arrested many.

(Liliana Nieto del Rio / For The Times)

Edelince and his family started in Chile – where he lived for four years and worked in a plastics factory – and headed north through Bolivia, Peru, Colombia, Panama, Costa Rica, Nicaragua, Honduras and Guatemala, before arriving in Mexico.

During a six-day walk through the infamous Darien Gap – a dangerous expanse of rainforest that connects Colombia and Panama – Edelince said he saw the bodies of more than a dozen migrants who had failed to get out.

Among Haitians seeking medical assistance recently at a mobile clinic outside the refugee office in Tapachula was 25-year-old Youseline Toussaint, whose left arm was in a cast.

She said she had broken it in a car accident a few weeks earlier while traveling north through Guatemala. Her 7 month old daughter was killed.

Besides the economic conditions in South America, the American immigration policy is also a factor of exodus. Unlike Central Americans, Haitians apprehended by the US Border Patrol cannot be summarily returned to Mexico.

If they can sneak into the United States and seek asylum – especially if they are accompanied by young children – they have a good chance of securing temporary residence as their cases drag on in the United States immigration court. .

Every day, hundreds of Haitians line up in front of the headquarters of the Mexican refugee agency every day to claim refugee status. Most are not eligible.

Haitians “arrive like an avalanche with so many people and make the situation very complicated,” said Andrés Ramírez Silva, who heads the Mexican Commission for Refugee Assistance, which processes asylum claims. “This situation has put us on the verge of collapse.”

Mexican authorities regularly deport Central Americans to their country of origin, or drop them off at the Guatemalan border, a practice denounced by human rights activists. Meanwhile, US authorities have transported Central Americans detained in the United States to Tapachula.

Haitians pose a greater challenge. Mexico does not currently deport Haitians, but it lacks the holding space to detain them – a growing crisis because Colombia and Panama are reporting increasing numbers of Haitians heading north.

“Haitians cannot be sent back to a completely devastated country,” Ramírez Silva, the head of Mexican refugees, said in an interview. “There should be some sort of migratory alternative, but it isn’t.”

People in uniform with helmets and shields march in groups.

Mexican National Guard forces deploy to stop a caravan of migrants bound for the United States. The forces searched the outskirts of Huixtla.

(Liliana Nieto del Rio / For The Times)

In recent weeks, exasperated migrants have relaunched “caravans”, marching north together in large groups. Scenes of National Guard troops beating migrants intercepted in caravans drew widespread condemnation.

“A manhunt,” said the Catholic bishop of Tapachula, Jaime Calderón Calderón, in a statement read last week during mass in local churches.

As people fled into the jungle to avoid arrest, families were separated and children were lost in the confusion.

“It is a savage, cruel and lamentable operation,” said Father Heyman Vázquez Medina, a Catholic priest in the town of Huixtla, north of Tapachula. “We are all aware that this is the result of pressure from the United States … Mexico has always done the dirty work of the United States.”

In August, Mexico’s defense minister declared that the “main objective” of the army on the southern border of the country was “to stop all migration”. But the left-wing government of President Andrés Manuel López Obrador has denied the systematic abuse.

The president said migrants are being contained in the south not because it succumbs to US demands, but to keep them from being exposed to criminal gangs operating on Mexico’s northern border.

A member of the National Guard watches over the people lined up along a brick wall.

In Tapachula, Haitians seeking to travel to the United States line up outside the Mexican refugee agency to apply for asylum status. Few people qualify and the expectations drag on for months. A member of the National Guard tries to contain the long line.

(Liliana Nieto del Rio / For The Times)

“The human rights of immigrants have not been violated,” López Obrador recently told reporters. “There will be no repression in our government.”

However, many have pointed to the incongruity of Mexico touting recent aid deliveries to Haiti – and receiving applause for taking in refugees from Afghanistan – as it cracked down on migrants in the south.

“Our government sends Navy ships with aid to Haiti but also sends [immigration agents] and the National Guard to prevent, sometimes by beatings, Haitians and others from leaving Tapachula on their way north, ”tweeted Mexican historian Lorenzo Meyer. “Washington’s pressure must be strong to impose this contradiction on Mexico. “

Special envoys María de Jesús Peters and Liliana Nieto del Río in Tapachula and Cecilia Sánchez in Mexico City contributed to this report.

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Apple (AAPL) to launch Apple Pay service in Chile https://granlogiacostarica.org/apple-aapl-to-launch-apple-pay-service-in-chile/ https://granlogiacostarica.org/apple-aapl-to-launch-apple-pay-service-in-chile/#respond Fri, 17 Sep 2021 15:56:00 +0000 https://granlogiacostarica.org/apple-aapl-to-launch-apple-pay-service-in-chile/

Apple AAPL is rumored to start offering its Apple Pay service in Chile. According to a shocking blog, Banco de Chile customers were able to add their credit cards to the Apple Pay digital wallet, starting September 15 in the evening. However, on Thursday noon, Banco de Chile had blocked the registration of credit cards in Apple Pay.

Rumors about the availability of Apple Pay in Chile have been circulating for some time. Two large Chilean banks, Banco Itau and BICE, are said to have been preparing to launch the service. In August, Banco Itau updated its mobile application to make it compatible with the Apple wallet.

Although Banco de Chile has blocked all registrations, it looks like Apple Pay will be available in Chile at any time now. Last month, the iPhone maker expanded to Brazil through its partnership with the country’s largest fintech, Nubank. Apple has also been rumored to enter Costa Rica. According to a 9TO5 report, BAC Credomatic has tested support for Apple Pay in the country.

Expansion in Brazil and planned launches in Chile and Costa Rica are expected to drive adoption of Apple Pay in South and Central America. Apple will benefit from its partnerships with banks like BAC Credomatic, as these relationships will help it grow rapidly in other countries in the region.

Apple Inc. price, consensus and EPS surprise

Apple Inc. price-consensus-eps-surprise-chart | Apple Estimate Inc.

These extensions will help Apple Pay gain market share amid fierce competition with other paid services provided by similar groups. Alphabetfrom GOOGL Google and Samsung, as well as banks offering contactless debit and credit cards.

Still, Apple Pay is expected to benefit from the growing demand for mobile payments. According to the latest report from ResearchAndMarkets.com, the size of the global mobile payments market is expected to reach $ 273.1 billion by 2028, with a CAGR of 31.8% between 2021 and 2028. The growing use of smartphones and the growing preference for contactless payments are key enablers.

Apple Pay is part of Apple’s Services business which has become a major contributor to revenue over the past two years as the iPhone continues to face significant competition. In the third quarter of fiscal 2021, Services revenue grew 33% year-over-year and represented 21.5% of total revenue.

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Apple Pay arrives in Chile as South America expansion continues https://granlogiacostarica.org/apple-pay-arrives-in-chile-as-south-america-expansion-continues/ https://granlogiacostarica.org/apple-pay-arrives-in-chile-as-south-america-expansion-continues/#respond Thu, 16 Sep 2021 12:34:00 +0000 https://granlogiacostarica.org/apple-pay-arrives-in-chile-as-south-america-expansion-continues/

Apple Pay is expanding to a second country in South America. After Brazil, Chile now supports Apple’s payment system.

Apple Pay’s expansion in Chile had previously been teased. In August, one of Chilean banks, BICE, said it was preparing to launch the service. Now according to the blog Chocolate and users of Twitter, Banco de Chile and Banco Edwards now support Apple Pay with Visa credit cards.

According to the blog, after midnight, people were able to add their Visa credit card after changing their iPhone region to the United States and then follow the steps to start using Apple Pay.

At this time, the Apple Chile website and Banco de Chile are not promoting the launch of Apple Pay because people may have been able to add their Visa credit cards a little earlier than expected.

Sooner rather than later, Mastercard cards will likely be compatible, as Itaú and BICE will likely follow support for Apple’s own payment system in the country.

Additionally, it looks like Apple Pay will soon expand to Costa Rica and other Central American countries as the company quickly expands its service across the Americas.

A recent report by 9to5Mac shows that one of the biggest banks in Central America is testing Apple Pay support, and the service is likely to debut very soon.

Are you in Chile and were you able to add your card to Apple Pay? Tell us in the comments section below.

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