The World Bank’s board of directors has said it will provide grants worth $780 million to Guatemala over the next three years. Guatemala, one of the poorest countries in the world, needs to increase growth by approximately 5 percent annually and raise public spending on human development and infrastructure investments to meet the World Bank’s Millennium Development Goals and halve poverty by 2015.
Category: Central America
Posted inMagazine
Cuscatlán’s Regional Mindset
Banco Cuscatlán is El Salvador’s second-largest bank but it has set its sights beyond the country’s borders. It is the third-largest bank in Central America with 32 branches in Guatemala, […]
Posted inMagazine
Banco de Occidente Outsmarts its Environment
Banco de Occidente only has half of the assets and market share of Guatemala’s largest bank but this small well-managed bank shows that size is not critical to strong performance. […]
Posted inMagazine
Getting Guatemalan Banks Up to Global Speed
After more than 50 years operating under antiquated banking rules, Guatemala is in the process establishing capital adequacy guidelines, regulating offshore operations and setting up bank guarantee funds.
Posted inMagazine
Shaking Off Instability
Guatemala’s new government has stabilized the economy but the country desperately needs a boost to fully recover from years of civil war and natural disasters.
Posted inWeb Articles
Week ahead in the markets and on the pitch
Indicators rolling out this week as the World Cup monopolizes attention across Latin America