POLITICAL CRISIS IN GUATEMALA AFFECTS ECONOMY, BUT NOT EXPORTS YET
October 1st, 2018
GUATEMALA’S turbulent political climate is eroding domestic business confidence, although the impact on textile exports - which depend heavily on the United States market - remains to be seen.
Guatemala’s institutional crisis erupted in the summer. On August 31, Guatemalan President Jimmy Morales ended the mandate of the Commission Against Impunity in Guatemala (CICIG), a body established by the United Nations to help dismantle graft and crime networks. Morales is himself under investigation for illegal party financing and the nation is polarized, while a ...
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