Central America: A whole new way of thinking

Prompted by the ravages of Hurricane Mitch and the crisis in emerging markets, Central America is changing - fast. As the crisis in Brazil finally explodes the myth of monetary sovereignty, Central American capital markets and institutions are being restructured in line with global developments. Michael Peterson toured Central America's banking sector, stopping off in Costa Rica to interview the president.

“Having a currency is just too expensive”

Rodríguez en route to low inflation

Panama: skyscrapers and secrecy

A glimpse up the deal pipelines

On a busy roundabout in Guatemala City stands an obelisk, a moderately impressive feat of 19th-century engineering. It is a symbol of independence at the heart of the city where Central America’s sovereignty was declared in 1821. At the foot of the monument there is a glass case with an inscription that reads: “This flame symbolizes our supreme aspiration of liberty and justice.

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