Shaking Off Instability

Shaking Off Instability

Central America

After a year in office, Guatemalan President Alfonso Portillo has managed to bring macroeconomic stability to his country. It hasn't been easy. At the end of 1998, Hurricane Mitch ripped through Guatemala's coastal region wiping out much of the country's sugar and banana crop. Then in 1999, Guatemala's currency, the quetzal, plunged15%. Guatemala's Growth and CPI  Source:ECLAC Portillo's initial priority was to mend a country still suffering from 36 years of civil war, which claimed 200,000 lives before a peace accord was signed in 1996. Guatemala remains largely poor, struggling with a stagnant

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial