Luis Abundio Maldonado, managing partner at Dentons Muñoz Guatemala: “Guatemala remains as one of the few countries in Latin America with a longstanding macroeconomic stability, showcased by a solid currency, one of the lowest levels of both public debt, and inflation, even during periods of duress. These conditions, together with our natural and cultural richness, have driven local and foreign companies to invest in Guatemala, and position several industries as regional and global leaders, in terms of efficiency and productivity. Nonetheless, we may be reaching a tipping point. The fundamental institutions, pivotal for social and economic progress, such as the rule of law, a system of checks and balances, and judicial independence, are being challenged and may erode Guatemala’s competitive advantages, if there are no real commitments from the current and future administrations to combat corruption, protect the democratic institutions, safeguard individual rights, and continue to support the efforts to modernize and professionalize the Judiciary. The United States, the European Union, and multilateral financial institutions, such as…”