Foreign investment in Guatemala decreases

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.

Wednesday, December 10, 2008

In 2007, the growth of Foreign Direct Investment was 22.3 percent, while this year it closed at 15.8%, according to estimates from Invest in Guatemala, that were presented yesterday.

Mario Marroquin Rivera, executive director of the investment promotion agency, said at a press conference that the projected figures for December 2008 show foreign investments for $837.8 million or $114.3 million more than for December 2007.

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Foreign Investment Falls 7.2% in Guatemala

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Central Bank figures show that lst year FDI was equal to 1.2 times the current account deficit in the balance of payments.

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