Central America falls in Ease of Doing BusinessFriday, November 5, 2010 Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128). With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries. Doing Business 2012 Confirms Latin America Lags BehindThursday, October 20, 2011 Latin America is barely ahead of Africa in quality standards and conditions affecting local businesses. As a region, Central America, is located in the second half of the list entitled ‘Doing Business 2012’. Guatemala’s Foreign DebtTuesday, February 9, 2010 The global economic crisis forced Guatemala to increase its debt, but the country must now try to reduce it. Economists are worrying for Guatemala’s foreign and domestic debt levels. “Eventually, it will be unsustainable, and the country won’t be able to pay it back. It will not happen right now, but in the medium term”, said Miguel Gutiérrez, analyst at Central American Business Intelligence. Guatemala: Economic Outlook for 2011Thursday, December 9, 2010 The recovery of the economy is inevitably tied to the U.S. and Guatemala's will only be as slow as the U.S. recovery. Analysts at Central America Business Intelligence (CABI) noted that there are steps which the government could implement in order to improve the picture. Doing business 2008: GuatemalaFriday, April 11, 2008 This report presents the summary Doing Business indicators for Guatemala along with the comparator economies selected. The data used for this country profile come from the Doing Business database and are summarized in graphs and tables. This report allows a comparison of the economies not only with one another but also with the best practice economy for each indicator. The best-practice economies are identified by their position in each indicator as well as their overall ranking and by their capacity to provide good examples of business regulation to other economies. These best-practice economies do not necessarily rank number 1 in the topic or indicator, but they are in the top 5. Forum in Guatemala on the financial crisisMonday, November 10, 2008 The Central American Master's Program in Social Sciences presents the forum on the "Global Financial Crisis and its consequences to Central America." Paulo de Leon, CABI; Carlos Martinez, UNDP consultant; Carlos Gonzalez, ASIES and Ricardo Barrientos, Finance Minister will be the speakers at the meeting to be held on Thursday, November 13 at the FLACSO campus in Guatemala at 6 pm. A Breath of Fresh Air in HondurasWednesday, May 4, 2011 Hovering over the Honduran business and political environment is an unspoken consensus that is illuminating projects and understandings alike and portends a better future for the country. Perhaps the international isolation resulting from the recent political and institutional crisis, which worsened the already dire consequences of the global economic crisis, has spurred on the forging of a unification of standards for the Honduran ruling classes. Possible scenarios for Guatemala in the face of the global financial crisisThursday, October 2, 2008 The Guatemalan economy is not exempt from the after-effects of the American financial crisis; expectations are that it will affect exports, remittances and tourism. The US is Guatemala's main trading partner; 41% of exports are destined to the American market. In this context, what would be the scenario for Guatemala? What impact will it have on the economy? Guatemala: Dollar Once Again Strong Against the QuetzalWednesday, May 25, 2011 U.S. currency rose last week after having been at its lowest value for the last five years. The upward trend that the dollar began showing last week against the quetzal, could continue in the coming months as it seems that factors that pushed the dollar down are no longer present in the Guatemalan economy. US Dollar Climbs to 7 Year High in GuatemalaFriday, July 10, 2009 Yesterday exchange rate was 8,16 quetzales, the highest on record since November 2001. Guatemala's currency lost 4.6% of its value against the dollar in the first six months of the year. This process has been smooth in the last 2 months, not requiring stabilization intervention by the Banco de Guatemala (Banguat), whose last participation in the market was in April. Guatemala: More Consumption and Less InvestmentMonday, August 30, 2010 In the first quarter of the year consumption was up 4.7% and investment fell 11.6% relative to the same period of 2009. The data form part of analysis conducted by the Guatemalan central bank, Banguat, on the economy's performance. Industrial Activity in the RedThursday, August 23, 2018 In the first semester of 2018, industrial activity in Guatemala decreased by 5% compared to the same period in 2017, explained by a decrease in mining activities, affected by the shutdown of operations at Minera San Rafael. The index of industrial activity prepared by Central America Business Information (Cabi), shows that the mining sector registered a decrease of 41% compared to the first half of last year, reflecting the effect generated by the suspension of Minera San Rafael. See "Mining Company Still Not Operating" Guatemala and the Exchange Rate InterventionTuesday, March 27, 2018 So far this year the Banco de Guatemala has intervened in the foreign exchange market buying $282 million, less than the $320 million bought in the same period in 2017. As announced by the Central Bank authorities at the beginning of the year, the institution continues to implement actions to reduce the downward trend registered in the price of the local currency with respect to the Dollar. In January 2010 the Quetzal was quoted at Q8.40 for each dollar, and in January 2018 this figure reached Q7.34. Can Foreign Investment be Recovered?Tuesday, April 3, 2018 For the third consecutive year, in 2017, foreign investment received by Guatemala fell compared to 2016, explained by a lack of legal certainty, particularly in the mining industry. Even though no one expected great results at the end of 2017, the 3% fall with respect to foreign investment received in 2016 has worried the business sector, as it reinforces the downward trend seen since 2015, when the FDI received by the country was 12% lower than the amount reported the previous year. According to analysts Guatemala's economy is still safeTuesday, September 30, 2008 Guatemalan analysts agree that the country will not receive a direct impact from the international financial crisis. Carlos Gonzalez, an economist from the Association of Investigations and Social Studies, affirmed that he does not foresee any direct impact, however he said that this could happen if the US economy continues to slip and therefore affect Guatemalan exports, remittances and employment. |
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