Archive for the ‘Economics’ Category

Latin America Watch

May 4, 2007

Good friends of mine recommend Latin America Watch website, which offers articles and news that you won’t find on CNN. It gives a different perspective and insight about politics. The influence/interest the United States has on America. It also offers articles on Latin American politics.

Viaje por Guatemala

April 13, 2007

A continuación quiero compartir un video creado, editado y hecho por Vinizzio Rizzo el cual obtuvo el primer lugar en el Festival C.A. Icaro de Cine y TV en la categoría de Videoarte.

Viaje por Guatemala es un vistazo a las relaciones sociales en el país y las desigualdades que las caracterizan. 


Millennium Challenge Corporation

March 9, 2007

About the Millennium Challenge Corporation

The Millennium Challenge Corporation (MCC) is a United States government-owned corporation responsible for the stewardship of the Millennium Challenge Account (MCA). The MCC is:

  • Purposely designed as a small corporation to promote, support and ensure accountability for the innovative foreign aid strategies it administers.
  • Managed by a Chief Executive Officer appointed by the President of the United States and confirmed by the U.S. Senate.
  • Overseen by a Board of Directors.

The Millennium Challenge Account

The Millenium Challenge Account (MCA) is the mechanism proposed by President George W. Bush to implement a new model for providing foreign aid to the world’s developing nations. In this new model, aid is provided to those countries that:

  • Rule justly.
  • Invest in thier people.
  • Ecourage economic freedom.

La Ayuda del Millenium

On today’s Guatemalan newspaper (Siglo XXI) an article was publish about the Millennium Challenge. It talks about how Guatemala still has to take further steps in order to be consiedered for the MCA. This Monday President George W. Bush will meet with Guatemala President Òscar Berger in hopes of taking further progress for the apporval of the MCA. Meanwhile, El Salvador, Nicaragua, and Honduras have already been approved by the United States Government. See the picture above for further information.


February 23, 2007

A while ago I read an article about a company called Wizzit, which offers secure and efficient payment mechanism to the unbanked and under-banked people in South Africa.  Wizzit uses a “pay-as-you-go” model in which it does not charge any monthly fees.  

I contacted the company on my behalf saying that I was interested in implementing Wizzit’s mechanism in Guatemala. Unfortunately, they try to avoid third parties since costs need to be as low as possible (which is completely understandable).  

Wizzit it a great example on how such an innovated method can help the poor. I truly admire the company values and philosophies. I will pitch this idea to several banks in Guatemala. Hopefully we can implement such a method to empower the poor financially.   Click here to go to their webpage.

Banker to the Poor

February 19, 2007

Dr. Muhammad Yunus describes his three-decade-long effort to extend micro-credit (small loans for self-employment). Grameen Bank, his creation, now makes small loans to seven million families in Bangladesh, and has helped almost half of them work their way out of poverty. This is the story of his life-long struggle and accomplishments, told in his own words.  

Building Social Ventures

February 19, 2007

Dr. Muhammad Yunus shares his strategies for building businesses dedicated to the social good. He describes the founding and structure of Grameen Bank, Grameen Phone and other companies he has created on behalf of the poor.

Creating a Poverty-Free World

February 19, 2007

Dr. Muhammad Yunus offers his insights into what it will take to completely eradicate global poverty. He invisions a new kind of capitalism, and demonstrates how his creations, Grameen Bank and the Grameen Family of Companies, offer viable solutions to previously intractable challenges.

Why “Social” Entrepreneur?

February 16, 2007

Just as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss and improving systems, inventing new approaches, and creating solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur comes up with new solutions to social problems and then implements them on a large scale.

What is a Social Entrepreneur?

February 16, 2007

Social entrepreneurship is the work of a social entrepreneur. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Whereas business entrepreneurs typically measure performance in profit and return, social entrepreneurs assess their success in terms of the impact they have on society. While social entrepreneurs often work through nonprofits and citizen groups, many work in the private and governmental sectors. 

Guerras y Huelgas: El Mapa de los Riesgos que Corre el Planta

February 8, 2007

Coming out of a reunion at a Hotel I came across a magazine called “La Clave”. As I was reading the magazine I found an article about the risk of doing business in the world.

Here is the map of Central America:

Mapa de los resigos que corre el planeta


To see the rest of the world clik The Risk of Doing Business in the World