Word: sigfrido
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Dates: during 2000-2009
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...thing, the flow of capital into the country's financial system is suspiciously high compared with the size of the economy, says Sigfrido Lee, former Vice Minister of Economy and an analyst at the Center for National Economic Investigations, a Guatemalan think tank. This indicates, he says, a likely inflow of illegal money. The U.S. government's recently released 2009 International Narcotics Control Strategy Report backs up those suspicions. Guatemala also has an unusually high number of luxury cars and high-end real estate purchases, Lee says, and buyers often pay in cash. Guatemala City has seen a boom...
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