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Political risks lurk over Guatemalan banking sector

Wednesday, March 7, 2018

Guatemala’s private exchange and banking sector have groaned into 2018 with a long road ahead of them. Plagued by persistent underperformance, the country’s markets have suffered from political instability impacting its private exchanges.

At the crux of this maelstrom is Guatemalan President Jimmy Morales, who is now at the center of corruption and fraud charges by both domestic and foreign investigators—despite explicitly running on an anti-corruption and fraud campaign.

Source: International Banker