September 1, 2014
New governments across Central America face many similar troubles, and opportunities. A change of presidents in three of the countries this year — Costa Rica, El Salvador and Panama — opens the way for new approaches to tackling these countries’ problems.
They are making progress, but have a long way to go. Already, El Salvador’s congress has approved the sale of new bonds to improve its debt profile and to ease pressure on the treasury. But the country’s double-B rating is by no means assured: Fitch Ratings has the sovereign’s rating on watch negative, although it praised the country’s recent tax reform legislation.
In Costa Rica, the announcement this year that US computer firm Intel w
Newly elected presidents have taken on the leadership of three of the region’s economies. They all must confront important fiscal, institutional, and infrastructure hurdles.