Guatemala’s Economic and Investment Perspectives Presented During the Seminar of Honorary Consuls of Guatemala

The Ministry of Economy reported more than USD 6.4 billion in investment attraction in Guatemala.

by Astrid Luna

Guatemala City, by Brenda Larios -AGN- As part of the Seminar of Honorary Consuls of Guatemala, the Ministry of Economy -Mineco- held a conference on the country’s economic outlook and investment strategy.

“The Ministry of Economy, with the support of the Ministry of Foreign Affairs -Minex- and the private sector, through the Guatemala Moving Forward Plan, have been able to establish a proactive dynamic towards investment, led by President Alejandro Giammattei.” stated the Vice Minister of Investment and Competition, José Prado, during the event.


From October 23 to 26, the Ministry of Foreign Affairs held the Seminar for Honorary Consuls of Guatemala.

The purpose of the seminar is to have an outreach with the people who, on an honorary basis, represent the country abroad in matters of diplomatic, academic, and cultural interest.

The Vice Minister of Mineco commented, “We are the ideal destination to benefit from nearshoring, our macroeconomic stability, and the results obtained in the last four years to strengthen the business climate and competitiveness in the country.”

He also emphasized that the various efforts have consolidated the country as a preferred destination for companies seeking to serve critical markets worldwide.

This plan is evidenced by the more than USD 6,400 million in new investments and reinvestments. These have generated a significant number of new jobs for Guatemalans.

This activity brought together representatives of the Guatemalan Association of Exporters -Agexport-, the Ministry of Foreign Affairs, the Diplomatic Corps, and the Executive Director of the National Competitiveness Program -Pronacom-. 

Honorary consuls

According to Minex, the Honorary Consuls represented Armenia, Bolivia, Brazil, Colombia, Georgia, Italy, Japan, Korea, Luxembourg, Mexico, Paraguay, the Philippines, Portugal, the United States of America, and Venezuela.

The participants were able to expand their knowledge about the actions that have been promoted to improve legal certainty for investment. As well as the country plans Guatemala Moving Forward, which represents the leading role in the country’s relations with the world.

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