Guatemala lags in foreign investment
Foreign direct investment in Guatemala rose to US$536 million last year from US$354 million the previous year, but the nation remains one of Latin America's least attractive to investors.
Friday, May 9, 2008
A report by the United Nations Economic Commission for Latin America and the Caribbean shows that foreign direct investment in Latin America as a whole was 46 percent up last year at US$105.9 billion.
Costa Rica is number seven in ranking of the Latin American countries that attract most foreign investment, according to a report by the United Nations Economic Commission for Latin America and the Caribbean.
The region received a combined total of $8.876 billion in FDI in 2012, representing an increase of 7% compared to 2011.
Guatemala is aiming to attract US$615 million in foreign investment this year, said Julio Héctor Estrada, executive director of the competition program, Promacom.
Lack of policies for attracting investment and the climate of insecurity both legally and for citizens is scaring away local and foreign investors.
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