Guatemala

In 1966, through a combination of circumstances, the normal evolution of Guatemala’s system of production was significantly modified. Export earnings continued their rapid upward trend, mainly as a result of the sale of surpluses carried over from the preceding year. Internal economic activity, on the other hand, contracted with the withholding of private investment and the problem of securing funds and building up savings in the public sector. Lastly, and closely related to these events, the change of government that took place halfway through the year resulted in substantial changes in economic policy and in the institutional machinery for the promotion and programming of development. Although it is too early to predict the effects of these circumstances, there is every indication that they will be reflected in the scope of government programmes for the promotion of economic and social activities, and have an impact on the financing of capital formation and the structural reform of several public administration departments.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions