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Article Excerpt
Guatemalan President Alfonso Portillo took to the rostrum at the Congreso Nacional on Jan. 14 to deliver the annual report on his administration's accomplishments on this, the third, of his four-year term. The audience present included congressional deputies, state officials, and diplomats. Notably absent among the latter was new US Ambassador John Hamilton, a harsh critic of the administration's record on corruption.
The principal objective he accomplished, Portillo told the nation, was to achieve "the liberalization of national policy for the true traditional powers." This was generally taken to mean the diminution of the power that the private sector has historically exercised within the government (see NotiCen, 2002-01-04). His government also "consolidated economic stability and avoided the devastating effect that the international economic environment might otherwise have had on the country, which is reflected in controlled inflation, a stable exchange rate, and a declining trend in interest rates."
Another success, admittedly not a resounding one, was the raises in minimum salaries that...
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