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Organized crime costs Central America $900 million a year, business leaders say

Thursday, February 9, 2012

Losses to trade as a result of organized crime amount to $900 million a year, according to the Central American Trade Chamber Federation (Fecamco).

El Salvador loses at least 11 per cent of its GDP, around $600 million, to organized crime, says Federico Hernández, leader of Fecamco.

Nicaragua is the least affected country, reporting losses for $1 million during 2011, said Eduardo Fonseca, director of the Nicaraguan Chamber of Commerce.

Source: Xinhua