Guatemala sets sight on US$615 foreign investment this year.
Guatemala is aiming to attract US$615 million in foreign investment this year, said Julio Héctor Estrada, executive director of the competition program, Promacom.
Thursday, May 15, 2008
The National Program to Promote Competition has set its sights on foreign investment of US$1.5 billion in 2011. But the United National Economic Commission for Latin America and the Caribbean has published a report that puts Guatemala second bottom in the region for attracting investment.
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.
A four-year plan to attract US$1.5 billion in foreign investment and promote the energy sector was unveiled last week by the Guatemalan government.
The recent turbulence in international financial markets have slowed the flow of Foreign Direct Investment (FDI) was Guatemala.
According to the country's agency responsible for encouraging foreign direct investment (FDI), the agro-industrial sector is the most promising and important.
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