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LatinNews Daily - 05 August 2021

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In brief: Guatemala hails strong FDI flows

* Guatemala has attracted a total of US$710m in foreign direct investment (FDI) over the first seven months of 2021, according to a statement released by the economy ministry’s national competitiveness programme (Pronacom). In the month of July alone, 11 new investment and reinvestment projects were confirmed, totalling US$140m and generating 750 new jobs, according to Pronacom. Three of these investment projects are in the food and drink sector, while the others span industry, manufacturing, energy and telecommunications. The new investments make July the second most successful month in terms of FDI so far this year, just behind January which saw US$141m in FDI flows. The economy minister, Antonio Malouf, has set a target of US$1.2bn in FDI for this year. Pronacom has said it will continue to work to “attract investment from more sophisticated sectors to continue growing at world-class standards”.