Central America: New Hopes for Integration

Central America: New Hopes for Integration

Central America Caribbean Bonds Economy & Policy Corporate & Sovereign Strategy

by Sean Mattson  While parts of LatAm commemorate two centuries of freedom from Spanish colonial rule this year, the region’s forgotten corner is quietly realizing that old-fashioned independence does not work so well in a globalized market. In Central America, 2010 is still shy of a bicentennial but marks the 50-year anniversary of a five-country club created to bring economic integration. It is hardly a reason to crack open champagne. The milestone serves more of a reminder that the region has little to show for two generations of mostly talk about unification. That may finally be changing. Skepticism still reigns at the prospect of Central America becoming an open-borde

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