The Politics of Latin American Poverty

Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment.

Monday, August 25, 2008

The region needs secure contract and property rights. If local leaders won't defend those rights, programs like Mr. Obama's $2 billion "global education fund" won't amount to a hill of frijoles.

A lesson in this reality is now playing out in El Salvador, where a $77 million investment by Pacific Rim Mining Corp., in one of the poorest parts of the country, has been stalled by the government of President Tony Saca.

More on this topic

Saca's measures hailed, but where's the money coming from?

June 2008

President Antonio Saca of El Salvador has announced measures that will cost a total of US$65.7 million. The private sector and analysts have welcomed the announcement but are wondering where the money will come from.

A project to recapitalize state banks will cost US15 million.

Tearing Down the Walls: Growth and Inclusion in Guatemala

August 2008

Despite being considered a Middle-Income Country (MIC), Guatemala’s social indicators reflect slow growth and a skewed income distribution

Education attainment is extremely low (between four and five years on average) for a MIC and, despite advances in enrollment in primary education, the illiteracy rate remains close to one third.

CELAC: Waste of Time and Money

January 2015

The 3rd Summit of the Community of Latin American and the Caribbean resulted in an expected collection of platitudes which can be summarized by everyone willing to "be rich and healthy and not poor and sick", plus a media show of diplomatic excesses.


The meeting was attended by all the leaders who were able to, obviously not because they expected to accomplish anyhing that might benefit the people of their respective countries, but simply because "you have to be there".

Big Companies from El Salvador Go to U.S.

June 2013

Some of the main businesses from El Salvador will be advocating for the realization of Fomilenio II and for a deepening of the Association for Growth pact signed between the two countries two years ago.

From a press release by the Presidency of El Salvador:

A delegation from the National Council for Growth will make an official visit to Washington DC from 24 to 26 June, where meetings will be held with senior government officials and the Congress of the United States, under the framework of the first 18 months of the Partnership for Growth.

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