Foreign Investment Falls 7.2% in Guatemala
$631 million have entered the country between January and June, 7.2% less than the $680 million during the same period in 2008.
Friday, June 26, 2009
Business Chamber Directors blame the decrease on a reduction of liquidity globally and a deterioration of the image of the country caused by the lack of security.
The country is not able to attract the capital that flows into the region, despite being the largest economy.
The flow of foreign investment has had its ups and downs in the last few years, and is expected to close this year, 2008, with a slowdown of 7% compared to last year.
Bucking the historical trend, since 2013 the isthmus has taken off positively as an investment destination compared to other Latin American countries.
Foreign direct investment (FDI), which for years has helped finance Costa Rica's current account deficit, fell by 28 percent in the first quarter of this year compared to the same period in 2007.
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