How Close Is Guatemala to Bankruptcy? The Fiscal Risk Few Dare to Foresee

Artículo Ramiro Bolaños

For years, Guatemala has walked along the edge of public spending without anyone daring to precisely name the cliff looming ahead. Today, with a proposed budget ceiling of Q161 billion for 2026 — equivalent to 16% of GDP — the government projects a 3.2% deficit, implying additional borrowing of more than Q32 billion. The Monetary […]

When Crime Becomes Law: Why Corruption Is Sinking the World

Artículo Ramiro Bolaños

Can a government legalize looting? Can a system disguise theft as public policy? Corruption no longer operates in the shadows: now it sits at the head of power. In many countries, it has been sustained by left-wing governments that, under promises of social justice, free healthcare, and subsidies for all, have expanded the State and, […]

What If Guatemala Could Be Among the Best? The Plan That Makes Our Dream a Reality

Artículo Ramiro Bolaños

In my June 2 column, Guatemala 2050: a city trapped between smog, crime, and traffic chaos, I warned that, if we do not act decisively, we will condemn our children to live in a capital suffocated by insecurity, traffic, and pollution. Days later, I received a message from Julio C. Urdaneta, Associate Director and Global […]

The Best-Kept Secret: The Efficiency of Foreign Direct Investment in Guatemala

Artículo Ramiro Bolaños

In economics, the evidence is clear: the freest countries are, almost without exception, the most prosperous. This is not a political slogan, but a pattern repeated from Singapore to Switzerland, from Ireland to Taiwan. According to the Economic Freedom Index, Singapore has a GDP per capita of 91 thousand dollars, Switzerland 103 thousand, Ireland 107 […]

The Hidden Engine of Progress: How Industrial Productivity Defines the Destiny of Nations

Artículo Ramiro Bolaños

What if the true secret behind the progress of nations were not found in grand political speeches or in the clientelist social welfare policies that dominate headlines, but rather in the silent force of industrial productivity? Since the late 19th century, when England, the United States, Germany, and Japan embraced industrialization, it became clear that […]

Why Does Nobody Trust Guatemala? The Serial Sin of Undermining Legal Certainty

Artículo Ramiro Bolaños

Socrates said —according to Plato in his dialogue with Cephalus— that keeping one’s word is a foundational principle of justice and coexistence: “The essence of justice consists in each person fulfilling what was promised and returning what was received.” Aristotle confirmed this in his Nicomachean Ethics (340 B.C.): “Legal justice must be followed once laws […]