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Latin America Investment News on Viva Tropical

Guatemala Launches National Competitiveness and Investment Agenda

Article Summary:

The Government of Guatemala launched an agenda for the next decade in which the country aims to reach the level of investment needed to attract global capital.

Original Article Text From Prensa Graficavia Google Translate :

Guatemala Launches Plan To Attract Investment

President Otto Perez introduced the National Competitiveness Agenda and Investment. The agenda will be developed between 2012 and 2021 and 400 shares arises from the Executive, with the participation of private enterprise and autonomous entities.

Currently the Central American country is rated BB + (Fitch Ratings), BB (Standard & Poors) and Baa3 (Moody’s), ie is in the investment grade threshold.

Guatemala ranks 84 out of 142 countries in the Global Competitiveness Index 2011, according to the World Economic Forum.

The ruling did not specify the projected budget. Meanwhile, the Guatemalan Minister of Economy, Sergio de la Torre, explained that the 400 shares are divided into six areas: having an educated society, modernizing institutions, fostering sustainability socially and environmentally, promote decentralization, strengthening the infrastructure energy and road and boost productivity.

Link to Original Article:

From Prensa Grafica

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