Guatemala urged to modernize financial system

The Guatemalan government should modernize its financial system to strengthen the supervision of the country's central bank over the country's financial system, the central bank governor said Feb. 2. Lizardo Sosa, the president of the Bank of Guatemala, the country's central bank, said that relevant bills will be presented to the local Congress for consideration soon. "With these bills in operation," President Sosa said, "the capability of the bank's supervision body will be enhanced, and the