Guatemala: Reference Rate Stays at 5%
Thursday, February 27, 2014
The Bank of Guatemala is maintaining at 5% the leading policy rate, the reference for interest rates in the domestic financial system.
The Monetary Board has decided to keep the leading...
A Securities Law for Guatemala
Friday, February 21, 2014
A bill prepared by the Bank of Guatemala aims to stimulate the domestic market and strengthen it as a regional financial center.
The proposal is to dematerialize securities through book...
Good Prospects for Structured Finance
Friday, February 14, 2014
According to Standard & Poor's, the increase in transactions of covered bonds is strengthening financial markets in the region.
From an article by Standard & Poor's:
Credit Portfolio in Guatemala Grows 17.4%
Monday, September 2, 2013
Up to July banks had $14.963 billion in lendable resources, while in the same month of 2012 the figure was $12.738 billion.
Of that total, the sector of electricity, gas and water...
Guatemala Joins South American Financial Action Task
Wednesday, July 24, 2013
Adherence to the group known as GAFISUD by its initials in Spanish will strengthen the work on preventing and combating money laundering and repressing terrorist financing .
A press release from the Superintendency of Banks of...
Guatemala's Sovereign Risk Rating Revised
Tuesday, July 23, 2013
"Weak public institutions in Guatemala and a polarized political environment continue to limit its credit quality" - Standard & Poor's
An article in elperiodico.com.gt reports that "The three...
Guatemala: Leading Rate Remains at 5.25%
Thursday, June 27, 2013
After having increased in April by 0.25%, the Monetary Board of the Bank of Guatemala decided to keep the leading rate at 5.25%, with an eye on inflation control.
From a press release by the Bank of Guatemala...
Guatemala: 14 Years in Prison for Tax Fraud
Wednesday, June 12, 2013
Mario Brol Samayoa has been convicted of money laundering, tax fraud, special case of tax fraud and customs fraud.
According to investigations by the Prosecutor, Brol...
Global Investment Changes Direction
Tuesday, June 4, 2013
Rumors are that the U.S. Federal Reserve is preparing to reduce its bond purchase program, motivating the sale of bonds in emerging markets.
"A rise in bond yields in developed markets and a better...