Guatemala: Clear Rules for Investment

Financial executives point out that in order to regain confidence in the economy, the country is urging improvements in legal certainty and a reduction in political instability.

Wednesday, January 24, 2018

Sergio Recinos, president of the Bank of Guatemala (Banguat), told Prensalibre.com that " ... this year we must improve matters related to legal certainty for investors and political stability. These same business people have expressed in indices that measure the climate of confidence their concern that there should be 'clear rules'."

For his part, Fernando Samayoa, president of the Banking Association of Guatemala, believes that " ... the course must be corrected and the rules of the game 'leveraged' for investors. "

Despite the deterioration in business confidence with which the year 2017 closed, according to a presentation made by the president of Banguat to the Guatemalan American Chamber of Commerce, on the side of the productive sectors, it is estimated that in 2018 all economic activities will register positive growth, eight of them with increases higher than the previous year.

See presentation "Recent Macroeconomic Performance and Perspectives." (in Spanish).

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More on this topic

Political Environment Favors Business Confidence

December 2019

The electoral triumph of Alejandro Giammattei and the appointments he is making in his cabinet to assume next January 14, are the main reasons that explain the upturn that has had business confidence since July.

In November of this year, the Index of Confidence in Economic Activity reported a 28% growth with respect to the same month in 2018, a performance that reinforces the upward trend that has been registered since July 2019.

El Salvador: Political Uncertainty Paralyzes Investment

January 2014

Examples of paralyzed investments and the pre-election environment in the Salvadoran banking sector.

After over 4 years of the current administration a high level of uncertainty is being reflected which affects all sectors, especially for potential new investments.

In light of the upcoming presidential elections Eduardo Quevedo, the president of Promerica bank is calling for clear rules for investors, improvements to the education system, and a better business climate.

Panama: Don’t Pull the Rope Too Hard...

June 2012

…because it may break. In Panama, political tensions and too much public spending designed to speed up development may compromise this brilliant moment for the canal country.

EDITORIAL

We have experienced the threat to businesses of political instability first hand several times.

Panama Threatened by Political Conflict

May 2012

Political stability is essential so as not to jeopardize economic growth, credit rating, and attracting foreign investment.

A statement from the Chamber of Commerce, Industries and Agriculture in Panama:

Political events affecting our stability

For 97 years our association has worked for socio-economic development, promoting the strengthening of democratic institutions.

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