IN SPITE OF their geographical propinquity, Central Americans have never like being lumped together, championing their diversity rather than what they have in common. But new governments take office this year in Guatemala, Panama and El Salvador that face similar economic challenges. They are ones that investors hope can be dealt with successfully, enabling these small republics to build on their nascent reputation as alternative safe havens for bondholders in volatile Latin America.
Highest on the agenda is a cap on rising fiscal deficits.
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