Shakedown in the Isthmus

    Headline: Shakedown in the Isthmus Source: Euromoney Date: June 2000 Author: Michael Peterson For years Central Americans have told visitors that their region is grossly over-banked. A new wave of mergers suggests that this is set to change, reports Michael Peterson Despite Central America’s common cultural heritage, unity among its six constituent countries […]

    Headline: Shakedown in the Isthmus
Source: Euromoney
Date: June 2000
Author: Michael Peterson

For years Central Americans have told visitors that their region is grossly over-banked. A new wave of mergers suggests that this is set to change, reports Michael Peterson

Despite Central America’s common cultural heritage, unity among its six constituent countries – seven including neighbouring Panama – has long remained an unfulfilled dream. Trade barriers and state ownership have turned the region into a series of tiny, diversified economies, each served by its own banking industry.






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