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.



More on this topic

Not the Way to Improve the Business Climate

October 2017

Salvadoran industrialists claim that with the presidential veto of the administrative simplification law, the country has lost a valuable opportunity to improve the already deteriorated business climate.

EDITORIAL

With the veto of the Administrative Simplification Act, the Salvadoran government is sending a clear message to the business community and to society in general: There is no interest in paving the way for the private sector to generate more jobs and, consequently, more wealth and socioeconomic development.

World Business Forum in Guatemala

April 2014

The fourth edition of the Latin America World Business Forum AILA 2014 will be held in Guatemala City on September 10th 2014.

From a statement issued by World Business Forum Latin America:

At least five former presidents of Latin American countries and some 300 businessmen from the region will meet on September 10 in Guatemala, during the course of the fourth edition of the World Business Forum (WBF), launched today in this Central American country, officials said.

Guatemala Promises 30% Reduction in Energy Bills

September 2013

President Otto Perez told investors that in 2015 there will be a reduction of up to 30% in electricity rates.

The president made the announcement on the second day of meetings in New York where he also reported that currently infrastructure is being developed that will enhance the country's competitiveness.

Possible revision of concessions in Panama

May 2013

In the event that he wins the next presidential election, Juan Carlos Varela will have prepared for the audit of all the concessions granted during the Martinelli administration.

Editorial

The announcement of the main opposition candidate in the presidential elections in Panama in May 2014, the former Vice President Juan Carlos Varela, from the Partido Panameñista party, one of the most likely candidates to be elected, could mean a serious blow to the international perception of the country in terms of receiver of investment, putting a question mark on the legal certainty of the contracts signed by the state.

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