Integration to Attract Foreign Investment

"Each country is competing not with the private sector but with the world. If we do not join together it will be very difficult ": Eduardo Frei, former president of Chile.

Friday, May 31, 2013

In a conversation that Roxana Larios from Prensalibre.com had with Eduardo Frei, the former Chilean president, he urged the Guatemalan State to make alliances with the private sector using the concession model, pointing to the importance of compliance with environmental laws in order to avoid social conflicts in mining and hydroelectric projects.

According to the former president, investors take into account a country's legal security when investing, ie a country that does not change the rules of the game. "Investors are also interested in countries where companies can be formed very quickly, for example in Chile, this can be done in 24 hours. Another point is corruption. Latin America has the world's most corrupt countries," said Frei.

The official is considered a supporter of concessions and he is sure that investors are looking for such partnerships in the Investment Summit. "That way the state can meet its obligations which are health, education, basic housing and fighting poverty. At least in Chile it works," he added.

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