Jimmy Morales, the candidate for the National Convergence Front, won the presidential runoff beating his opponent Sandra Torres by more than a million votes.
With nearly of 70% of the votes, the next president of Guatemala will be a candidate who represents the hopes of a population that has shown itself to be fed up with traditional politicians and widespread corruption in the state.
In elections with less abstention than expected, Jimmy Morales, the filmmaker candidate for a nationalist center party, will run in the second round of the presidential election with an opponent who has yet to be chosen.
The 2015 elections in Guatemala saw the participation of 65% of eligible voters, which is auspicious in light of calls for abstention from different social sectors. Blank votes will not exceed 4% of those cast.
The new government in El Salvador is keeping almost the same ministerial team as the Funes administration, ensuring the continued deterioration of the economy and lack of eligibility for investment.
Unfortunately "dedollarization" has been ruled out by the elected President Sanchez Ceren, which, as the next president lamented, implies that "you cant resort to a monetary policy." Our opinion is -on the contrary- that formal dollarization in force in El Salvador is a barrier to greater government fiscal outrages.
Inflamed with imperialist verve when with his peers in his own backyard, Daniel Ortega has in the U.S. a major economic partner and a firm ally in security.
An article in Elnuevodiario.com.ni notes that PresidentDaniel Ortega went in a week from asserting "... the government of Panama to be a 'spokesman for interests of the empire', referring to the United States and regarding its position on the situation of violence in Venezuela" to deporting " ... the Cuban American Ana Sol Alliegro, wanted by the FBI for illegal campaign donations, among other crimes. "
Juan Orlando Hernández has assumed the presidency of a country affected by a serious fiscal deterioration, criminal violence and lack of public and private investment.
The new president of Honduras, Juan Orlando Hernández, assumes command of the country in a very complex environment, where the lack of adequate infrastructure, high fiscal deficits and deteriorating social conditions seriously affect the country's competitiveness internationally.
Continued economic deterioration during the government of Porfirio Lobo has led businessmen to prefer the leftist opposition candidate over the ruling party man.
An article in Elnuevoherald.com reports that Adolfo Facussé, president of the National Association of Manufacturers, said that the current government "... is an economic disaster, giving out money in political campaigns, increasing public administration and making unnecessary tenders which are not very transparent".
The proposed amendments to the Constitution of Nicaragua would allow the indefinite reelection of the president and the appointment of active military personnel to state positions.
Among other significant changes reported in an article in Eluniversal.com are that "the president is given the authority to legislate in administrative matters, according to the text of the reforms. This power was prohibited by Article 150 of the Constitution which governsNicaraguans today."
Victor Emilio Granados, who in 1992 was sentenced to eight years in prison for fraud against a state bank, is the new chairman of the legislature of Costa Rica.
An alliance between the National Liberation Party (PLN in Spanish) - to which the Costa Rican president belongs, and the PASE, an opposition party with just four members, will allow Laura Chinchilla to regain control of the activities of the Legislative Assembly which during the past twelve months has been held by an opposition alliance which hampered approval of projects submitted by the Executive, including a tax reform, essential to alleviate the serious and growing fiscal deficit.
Gilberto Serrano, formerly Head of Grupo Lafise is the new president of the National Stock Exchange in Costa Rica.
A press release from the National Stock Exchange (the Spanish abbreviation is BNV) states:
The Board of Directors of the Bolsa Nacional de Valores, S. A in a Regular Session held on April 12th, 2012, based on the powers conferred by the articles of incorporation of this entity, has agreed on the distribution of responsibilities of its members.
Business leaders are hoping that the Central Bank of Nicaragua will continue to maintain its independence from the central government after the departure of Antenor Rosales.
COSEP president, Jose Adan Aguerri regretted the resignation of Antenor Rosales as head of the Central Bank and hopes that the Government aspires to appoint officials who are not "puppets". Aguerri, hopes the new president of this organization, Alberto Guevara, will maintain independence of criteria.
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467