Due to the dismissal of high ranking officials of the justice sector and the fact that President Bukele has strained his relationship with Washington, Salvadoran businessmen foresee an uncertain future for US investments that may come to the country.
After the dismissal of the magistrates of the Constitutional Chamber and the Attorney General in El Salvador, the business sector affirmed that this situation was "facts that consolidate an attack against democracy and threaten the liberties of Salvadorans."
After the dismissal of the magistrates of the Constitutional Chamber and the Attorney General in El Salvador, the business sector affirms that these are "facts that consolidate an attack against democracy and threaten the liberties of Salvadorans".
In the elections held last February 28, Nuevas Ideas, a party led by president Nayib Bukele, achieved a resounding victory that allows it to have a qualified majority in the Legislative Assembly.
For Guatemalan businessmen, in order to have solid institutions in the country, aspects of the electoral system, civil service, justice sector and public expenditure must be modernized, strengthened and regulated.
On October 10, the National Meeting of Businessmen for Development (ENADE 2019) was held, which dealt with the theme "From a Liquid State to a Solid State."
An ICEFI study concludes that corruption in Guatemala, El Salvador and Honduras covers "virtually all sectors" and in Guatemala alone, the losses generated are estimated at $550 million per year.
The book "Corruption: Its Paths and Impact on Society and an Agenda to Confront it in the Central American North Triangle", "... studies the relationship between corruption and democracy, highlighting that corruption in the C.A.N.T -El Salvador, Guatemala and Honduras - has special characteristics derived from historical aspects, such as the construction of weak states, periods of authoritarianism, civil war and counterinsurgency systems, and the impairment of judicial independence."
The way in which the Guatemalan Congress approved reforms to the Penal Code, "suggests that its objective could be to ensure impunity in the country and through this take a backwards step in the fight for a true and effective Rule of Law."
Although President Morales said he was ready to analyze the reforms approved and veto them if they proved to be "harmful to the people of Guatemala," the very fact that Congress has approved them with such speed and simplicity reflects the delicate political crisis that the country is in.
To not regularize what is badly regularized you need a deregulator to regulate by deregulating what is well regulated.
EDITORIAL
The new head of the Regulatory Authority of Public Services of Costa Rica (ARESEP) took office while subject to a serious challenge over an obvious conflict of interestthat arose from his status as an active employee of the Instituto Costarricense de Electricidad (ICE), the monopolistic state entity whose rates must be fixed by the very same ARESEP. The insistence of the Solis administration eventually led to his appointment as Controller General, and after an announced pause for reflection, the new chief resigned from the ICE, promising that his actions would be solely taken with the welfare of consumer services in mind, services which are regulated by the ARESEP.
Costa Rican business leaders have expressed their dismay at the executive branch's apparent contradictions regarding the proposed agreement on fiscal issues and the strike threats made by public unions.
From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):
Private Sector puzzled by attitude of the Executive Branch
Using its corporate power and taking advantage of the power vacuum that is afflicting the State, a public university in Costa Rica is paying first world salaries, exacerbating the inequality that exists between Costa Ricans and severely distorting the labor market.
EDITORIAL
The degeneration of democracy which is happening in a lot of Latin American countries has Costa Rica as an example, a country which historically used to be a shining example of the best way to live in society.
In exercising its responsibility as the main active force in Panamanian society, the Chamber of Commerce, Industries and Agriculture is demanding that the branches of government and its authorities correct their behavior, and serve purely national interests.
EDITORIAL
The validity of democracy as the best system of coexistence depends on the vigilance with which citizens monitor the behavior of State authorities.
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.
Money laundering has positive economic effect on economies, but also impoverishes the quality of institutions leading to dramatic effects on quality of life in society.
The excellent analysis by Norma Lezcano in his article on Estrategiaynegocios.net, on the US Treasury Department´s inclusion of members of the powerful Rosenthal family in the list of the Office of Foreign Assets Control (OFAC) can be extrapolated to all Central American countries, and is a warning to the governments of the region, where drug trafficking has ingratiated itself and is creeping through state institutions, weakening them by making them serve criminal aims, and preventing them from carrying out their duties properly.
Outraged citizens are demanding the abolition of the state fuel distributor, which has a monopoly on the management and sale of all petroleum products.
EDITORIAL
Citizen demonstrations - unique because they are not specifically directed against the current government but against a state run company - are occuring at a time when news stories in Costa Rica are full of information about the privileges enjoyed by some sectors of the state bureaucracy, who earn the equivalent to twice and three times what is earned in the same roles in the private sector.
Threats made by organized criminals to transporters were carried out on monday when 7 drivers who had not joined the strike ordered by gangs were killed.
EDITORIAL
For the second consecutive day thousands of people "... were affected by a transport strike which was apparently the result of a vicious rumor mill unleashed by gangs that terrorized employers and employees in the sector, after the burning of several units and murder of motorists. "
At the one year anniversary of government of Juan Carlos Varela entrepreneurs are taking stock of his management recommending a better relationship with the private sector and the modernization of the education system.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The Otto Perez Molina administration appears to be disintegrating in time with the successive dismantling of networks of entrenched corruption at the highest level, jeopardizing the country's basic institutions.
EDITORIAL
There are very few occasions when political parties with different ideologies and civil groups with dissimilar origins in Latin America have teamed up to denounce the same cause, as is currently happening in Guatemala.
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