Briefing Papers Number 18, June 2012 | Page 6

World Bank, all three Northern Triangle nations are lower middle-income countries. El Salvador, Guatemala, and Honduras are also, respectively, the second, third, and fourth largest countries of origin of unauthorized immigrants in the United States29 (see Table 7). El Salvador is the wealthiest of the three nations, with a per-capita income of $3,426. Although it reduced poverty during the 1990s in the aftermath of its civil war, which ended in 1992, El Salvador’s economy stalled during the 2000s and was hit hard by the 2008 recession—due in large part to its reliance on the U.S. economy. Poverty now stands at about 38 percent of the population, roughly the same level as in 2000.30 Guatemala, as Central America’s most populous nation and its undisputed cultural capital, exemplifies the region’s socioeconomic injustices. Guatemala has a per-capita income of $2,862, and 51 percent of its population lives in poverty. But the poverty rate—as dire as it is—doesn’t adequately describe the level of degradation facing broad swaths of the population.31 In recent decades, there have been few countries in the world, and certainly no others in the Western Hemisphere, that have lost as much ground to hunger and malnutrition as Guatemala. Between 1990 and 2008, the number of malnourished Guatemalans increased from 1.4 million to 2.9 million. That is an increase of 113 percent. During the same period, Latin America as a whole lowered its number of malnourished people by 17 percent.32 In 2007, UNICEF reported that Guatemala had the fourth-highest percentage of chronically malnourished girls and boys in the world and the highest in Latin America. Nearly half of Guatemalan children under age 5 are malnourished.33 The 2011 Human Development Index (HDI) ranked Guatemala at 131 out of 187 nations, between Morocco (130) and Iraq (132). In the Western Hemisphere, only Haiti had a 6  Briefing Paper, June 2012 Table 7  Northern Triangle Education and Citizen Security Population 20101 Average years of schooling 20112 2010 homicide rate per 100,000 inhabitants3 El Salvador 6,192,993 7.4 66.0 Guatemala 14,388,929 Honduras 7,600,524 6.4 82.1 United States 309,050,816 12.4 5* 4.0 41.4 *U.S. homicide rate for 2009. lower HDI ranking.34 Honduras is the poorest of the Northern Triangle nations, with a percapita GDP of $2,026 and 60 percent of its population living in poverty. In a region characterized by low levels of political legitimacy and respect for the rule of law, Honduras is perhaps the least politically stable of the three nations. It is still recovering from a 2009 military coup d’état.35 Challenges to the Productive Investment of Remittances (Dis)Enabling Investment Environment All three Northern Triangle nations score below average on the World Bank’s “Ease of Doing Business Index.”36 For unauthorized migrants, who tend to come from families with lower socioeconomic status, the barriers to entrepreneurship are even larger.37 With corruption, extortion, and a generally shaky environment for the rule of law, returned migrants and remittance recipients are hesitant to invest their foreign earnings in wealthgenerating enterprises. The general economic challenges these countries face, including a large informal sector and a lack of access to financial services make any attempt at business-creation daunting. “They don’t trust the system,” said Borys Chinchilla, former Guatemala country director for Mercy Corps. “That’s why we are losing a lot of potential to do something bigger.” Crime and violence, particularly in the rural areas where most immigrants originate, further discourage economic investment. “The security of the countryside affects migrants directly,” said Delbert Field, Guatemala chief of mission for the International Organization for Migration. “If you have someone abroad, you suffer more from extortion. You ha ٔ