LatinNews Daily - 02 February 2021

In brief: Guatemala’s economy minister reveals priority

* Guatemala’s economy minister, Antonio Malouf, has said that actions aimed at attracting new investment are a “priority”, and that the government has the target of attracting US$1.2bn in foreign direct investment (FDI) in 2021. According to a press release by the national competitivity programme (Pronacom), a national government office, thanks to these government efforts, last month nine new investment and reinvestment projects began, worth US$141m and creating an estimated 1,100 direct jobs. A December 2020 report by the United Nations Economic Commission for Latin America and the Caribbean (Eclac) showed that FDI to Guatemala totalled US$998m in 2019, roughly the same as in 2018. The Eclac report showed that Guatemala accounted for 8.7% of FDI to the sub-region in 2019, below Panama (51.2%) and Costa Rica (21.8%).

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