Costa Rica has been awarded fDi’s Caribbean and Central American Country of the Future 2011/12. The Dominican Republic claimed second position followed by Trinidad and Tobago in third.

In the 15 years of stability since the end of its bloody civil war, Guatemala has become a popular destination for foreign investors looking for a route into Central America. However, outbreaks of violence in the run up to a general election later this year are threatening the country's hard-won reputation as one of the FDI world's rising stars.

The small size of some island nations can be a source of strength if they can find a competitive advantage and market themselves correctly. But it is also important not to become too reliant on one sector.

In times of political upheaval and environmental disaster, should investment promotion agencies stay 'on message', or should they be frank about what is often a grim reality? Spencer Andersonlooks at three very different situations, and finds three very different approaches

Nicaragua's aggressive efforts to attract investment have been relatively successful, but as Spencer Andersonreports, the country must tackle its infrastructure shortfall, unemployment levels and provide cheaper and more stable energy supplies if it is to fulfil its potential