Guatemala

Guatemala’s electoral authority confirmed the results of the recent presidential vote, despite claims of irregularities, setting the stage for a runoff between former first lady Sandra Torres and ex-diplomat Bernardo ArĂ©valo on August 20. However, a prosecutor from the Attorney General’s office will pursue money laundering charges against ArĂ©valo’s party, Movimiento Semilla. In financial news, Guatemala’s USD bonds due 2033 rallied 0.75 cents to 80.4 cents, reducing the yield to 6.4% and recovering losses caused by election result tensions. Investors praise Guatemala’s robust macroeconomic policy, with a debt level of 30% of GDP and one of the lowest fiscal deficits in Latin America.