While other Central American countries are preparing taxes to combat insecurity, Nicaragua declares that it is not an appropriate option.
The president of Guatemala, Alvaro Colom, proposed to his peers in the isthmus region the creation of specific tax to combat organized crime and the violence it generates.
Private companies will participate in monitoring the results of the plan.
Following Colombia’s example, where monitoring by the private business sector was instrumental in implementing the security measures proposed by the government, businessmen from El Salvador will monitor the security plan and the tax on large amounts of capital.
Widespread corruption, institutional weakness, disputes between countries, and resistance to more taxes, are jeopardizing the chances of success of the plan and its 22 projects.
A summit held in Guatemala, where for the first time since 1856 Central American countries agreed to fight together, culminated in joint action plans to combat drug trafficking.
According to a recent World Bank report, crime and violence have an impact on economic growth not only in terms of loss of wages but it also affects the investment climate and diverts scarce government resources to strengthen the application of justice rather than promoting economic activity."
From El Salvador, the US president offered the funds for regional security projects.
Regarding distribution of funds, the president said Central American countries will be the ones deciding how to invest the funds according to their particular needs.
Laprensagrafica.com reported statements from Barack Obama, "It will be a program designed and led by Central American governments in the region ... The emphasis is to work with a regional focus and Central American countries must help shape and design how the money should be spent."
Central American businesses demand from governments clear mechanisms to combat insecurity in the region.
The president of the Federation of Private Entities of Central America, Panama and Dominican Republic (FEDEPRICAP), Carlos Amador, said, "Central America is threatened by drug trafficking, gangs and transnational organized crime and to help combat these problems there is an need for a united isthmus."
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