GDP and PPP in Central America

Central America is comprised the seven nations of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The combined GDP of these tropical nations is a total of $165,400 million USD according to the CIA World Factbook. Let’s put that in perspective. Canada had a GDP of approximately $1,759,000 million USD in 2011, or…

Dollarisation in Latin America

Since the year 2000, the government of Ecuador has instituted a policy instating the United States dollar as the official currency of Ecuador. El Salvador, likewise, instituted a policy instituting the United States dollar as their official currency in 2001 thereby becoming the third Latin American country to use a foreign money as their official…

US Ambassador Strains Relations with El Salvador

Mari Carmen Aponte was appointed by the Obama administration as Ambassador to El Salvador. Because she has been a controversial appointment, twice rejected by the US Congress, Obama appointed her while the Congress was not in session to avoid a traditional confirmation. Almost immediately after beginning her tenuous tenure, Ms Aponte exposed the justification for…