Company: CIB
Filing Date: 2025-08-15
Form Type: 6-K
Source: 0002058897-25-000035
Chunk: 19

Company: Grupo Cibest S.A.
Filing Date: 2025-08-15
Form: 6-K
Chunk 19
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 It had positive fiscal effects that contributed to maintaining the country's investment grade.

During the months of May and June, there were intense social protests, especially in Bocas del Toro, which caused the departure of the banana company Chiquita, affecting 5 thousand jobs and banana exports. The tourism sector was also affected. The situation has normalized in most of the country since June.

Panama was excluded from the EU Risk List of countries with a high risk of money laundering and terrorist financing, which improves its international reputation, facilitates trade and strengthens the financial regulatory framework.

#### Guatemala
In Guatemala, the political scenario continues to be marked by institutional tensions, especially the confrontation between President Arévalo and Attorney General Consuelo Porras, which has generated uncertainty about political stability and the strengthening of the rule of law. This dispute has intensified polarization and raised concerns about the political use of the judicial system.

In addition, the country faces the challenge of renewing key authorities such as the magistrates of the Supreme Electoral Tribunal, the Constitutional Court and the Comptroller General of Accounts, processes that could redefine the political balance towards the 2027 elections. In parallel, the government has struggled to lead strategic sectors such as infrastructure, health, and security.

In the second quarter of 2025, Guatemala is going through a stage of low political-institutional tension. An example of this is the stagnation in the implementation of the Superintendence of Competition. Although Decree 32-2024 Competition Law establishes deadlines for its implementation, Congress has not yet appointed the two members necessary to make up its board of directors, which prevents progress in the election of the Superintendent and in the preparation of the corresponding regulations.

At the regional level, Guatemala has strengthened its cooperation with the U.S. and Taiwan, within the framework of initiatives focused on migration, border security, and limiting Chinese influence in critical infrastructure. As part of these agreements, the country pledged to increase flights of deportees and receive technical and military support. Guatemala seeks to consolidate itself as a reliable ally in issues such as cybersecurity, technology and infrastructure, without compromising its sovereignty or democratic legitimacy.

#### El Salvador
In the second quarter of 2025, El Salvador made progress in complying with the agreements with the IMF. On June 26, the first review of the agreement under the IMF's Extended Facility (EFF) was carried out, approved in February for a total amount of US$1,400 million, which allowed an immediate disbursement of US$118 million. The IMF