Guatemala’s Next Leader Says Slow-Motion Coup Threatens Economy
- Arévalo in interview says he’s target of political persecution
- Effort could fuel migration and hurt economy, markets, he says
Bernardo Arevalo.
Photographer: Luis Echeverria/BloombergThis article is for subscribers only.
Guatemala’s president-elect denounced what he called a corrupt political and judicial effort to prevent him from taking office in January, warning that success for his opponents would spur an increase in migration to the US and hurt the nation’s economy and financial markets.
The economic consequences would be “disastrous” and would “without a doubt” add to the wave of migrants heading north through Mexico to the US border because of a lack of opportunities, Bernardo Arévalo said in an interview in Washington on Friday.