For the former vice president of the Banco de Guatemala (Banguat), Mario Garcia Lara, the priority is "to bring order to public finances."
The journalist Lorena Alvarez summarizes in her article in Elperiodico.com.gt, opinions of analysts, economists and representatives from the private sector, regarding the new government’s priorities.
Although for the private sector, the most urgent item is reducing uncertainty, as to improve the investment climate and provide clear and stable rules in legislation and taxation. Andrew Castillo, president of the Chamber of Industry of Guatemala (CIG), said it is important pass a comprehensive reform but with a commitment to reducing corruption and improving transparency.
Jonathan Menkes, consultant to the Central Institute for Fiscal Studies (ICEFI) argues that in order to make progress in all priority areas the tax reform is needed. "It is the support pillar for the government’s plan, otherwise the message being sent would be that the Patriot Party (PP) will continue with the same inertia that public policies have had before."
Source: elperiodico.com.gt
More on this topic
October 2011
Experts agree Alvaro Colom’s successor will face a difficult fiscal, economic and political situation.
First, it will be difficult to achieve the tax reform needed to tackle the decline in tax revenues which is set to continue into 2012. Ricardo Barrientos, Central Institute for Fiscal Studies (ICEFI in Spanish), also said that the losing candidate in the election will become the main opposition, and will complicate any reform attempts or approval of additional financing for the state.
November 2011
As forecasted by exit polls, the former general won the second round of presidential elections in Guatemala.
Preliminary results released by the Supreme Electoral Tribunal showed that Perez Molina won 53.74% of the 4,281,693 votes cast, while Michael Baldizón, who has already conceded defeat, got 46.26%. Citizen participation was 61% of registered voters.
November 2008
The LXII Assembly of BCIE Governors will elect the the entity's new executive president tomorrow in Guatemala.
The election will be held after a international public competition, officials from the Central American Bank for Economic Integration (BCIE) reported.
After the death of Harry Brautigam, the BCIE called for the public competition among citizens from the five founding Central American countries (Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica).
January 2010
Honduras starts a new stage of political and economic reconstruction, based on national reconciliation.
The new president started this difficult assignment by ratifying a resolution by the National Assembly granting immunity for all those involved in the deposition of Manuel Zelaya.
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