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.
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."
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.
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.
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. "
Representatives from the Competitiveness Initiative have submitted diagnoses and proposed solutions in education and business, infrastructure, procedures and access to markets and investments.
The only routes to success that exist, "whether they are right wing or left wing, are those requiring structural reforms to boost value, and prudence in the administration of the State".
"In Latin America, ... not all countries take advantage of the bonanza in the same way ... [the bonanza] in prices of raw materials, low interest rates, easy access to the international financial markets and in receiving FDI are abundant ...
Fitch Ratings says that the new government could increase intervention in the economy to the detriment of private investment and growth.
The rating agency foresees a continuation of the tensions between the government and some business organizations hindering the adoption of agreements between them that allow for growth of the economy.
In scenarios where no candidate managed to win a direct election, the results of the first round confirmed the trends of voters to the left in both countries.
In a second round on March 9th in El Salvador and on April 6th in Costa Rica the next presidents of both nations will be chosen, after two elections ended with no candidate receiving the required majority to be declared president.
"Murillo and Ortega together are forging a level of control that political observers say holds echoes of the sort of family dynasty that the Sandinista Front once took up arms to topple."
"Dynasty," is how the U.S. Newspaper Kansas City describes the government of Daniel Ortega and in which it discusses the influential role played by his wife Rosario Murillo in every government decision.
Forecasting more risk of social unrest for Nicaragua than Costa Rica in 2014, indicates ignorance of the political, economic and social realities of Central America.
EDITORIAL
The print edition of "The World in 2014" by The Economist Intelligence Unit reported a measurement of the risk of social unrest in 150 countries, categorizing them into 5 levels.
The government of Costa Rica suspects that SICA resources are being spent on salaries and consultants, and not fulfilling its corporate objectives.
Upon assuming the presidency Costa Rica pro tempore of the Central American Integration System (SICA), Foreign Minister Enrique Castillo commented on its resource management saying: "You ask for information on some of the monies that are being handled in the SICA, and there is none available. A few months ago we asked the Secretary General to inform us of how much the judges of the Court (Centroamericana de Justicia) earned. "
The National Association of Private Enterprise has resorted to the Supreme Court for the direct election of business representatives in autonomous institutions by the Executive.
The lawsuit is based legally on the reforms being approved with waiver process, which is classified as illegal.
A statement from the National Association of Private Enterprise states that:
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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