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.
Estrada said that this year's foreign investment would come mainly from call centers and the energy sector.

More on this topic

Guatemala Promotes Agro-industrial Investments

August 2010

According to the country's agency responsible for encouraging foreign direct investment (FDI), the agro-industrial sector is the most promising and important.

Fanny Estrada, director of the Guatemalan Exporters’ Association (AGEXPORT), commented that in several cases, "while demand exists for a product there is insufficient supply capacity," and added that, "there is potential to increase output in these areas".

Guatemala unveils four-year plan to draw US$1.5 billion investment

May 2008

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 plan was unveiled by the National Program for Competition (Pronacom) and the Invest in Guatemala investment agency as part of a national strategy for development. The heads of Pronacom, Julio Héctor Estrada, and Invest in Guatemala, Mario Marroquín, presented the plan.

Costa Rica ranks seventh for foreign investment

May 2008

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.

Last year, Costa Rica received US$1.889 billion in foreign investment. Only Brazil, Mexico, Chile, Colombia, Argentina and Peru did better.

Foreign investment fell by global financial crisis

April 2008

The recent turbulence in international financial markets have slowed the flow of Foreign Direct Investment (FDI) was Guatemala.

The slowdown of the world economy and the threat of recession in US There have already been felt in Guatemala, with a decline of foreign investment in the país.

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