Guatemala Declines in Competitiveness

Partly explained by delays in the labor market, between 2017 and 2018 the Central American country moved from 91st to 96th place in the Global Competitiveness Index.

Thursday, October 18, 2018

According to the 2017-2018 Global Competitiveness Index report, prepared by the World Economic Forum, the decline recorded by Guatemala this year is mainly due to lags in the areas of health and labor market.

Regarding the actions that would help improve the country's competitiveness, the Foundation for the Development of Guatemala (Fundesa) made a report, which explains that "... It is necessary to recover the levels of investment in the Ministry of Communications. Approve the initiative 5431: General Law of Road Infrastructure that is already in the Congress that allows increasing the investment of 22 thousand kilometers in 15 years."

Prensalibre.com reports that other recommendations are the "... Adoption of Information and Communication Technologies, particularly to promote the tender of the AWS band for mobile coverage. It is necessary, says the report, to review the debt mechanisms according to the country's capacity to pay."

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