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Investment Policy Review - Guatemala

image of Investment Policy Review - Guatemala

Guatemala is one of the countries in Latin America with the longest foreign direct investment (FDI) attraction record. This Report reviews the different policies that bear an impact on FDI in Guatemala, with a view to recommending concrete policy actions to improve the country's attractiveness and the benefits from FDI throughout the economy and in relation with the strategy sectors identified by the government.

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Conclusions and recommendations

Over the last two decades, economic policy in Guatemala has focused on three main axes: 1) reducing debt and restoring macroeconomic stability, compromised by the long civil conflict; 2) opening access to new markets; and 3) liberalizing the economy and fostering private investment, national and foreign alike, particularly in utilities and infrastructure. Although they have failed to achieve the primary objective of lifting the majority of the population out of poverty, these policies have nevertheless borne some fruits. Guatemala is now one of the countries with the lowest debt to GDP ratio in Latin America and exports have grown beyond traditional sectors and into new markets. Also, Guatemala's performance in attracting FDI over the last decade has been the best in its history.

English

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