IDB President Reaffirms His Support to Guatemala 

The bilateral meeting with President Bernardo Arévalo took place within the context of the 37th IDB Governors' Meeting.

by Pamela Contreras

Guatemala City, by Brenda Larios -AGN-. Ilan Goldfajn, President of the Inter-American Development Bank -IDB-, reaffirmed his support for President Bernardo Arévalo’s administration during a bilateral meeting in Antigua Guatemala.

Through his official networks, the IDB official stated, “Thank you, President Bernardo Arévalo, for our meeting today. Your government’s arrival offers an opportunity for Guatemala to strengthen its commitment to democracy, the rule of law, and transparency and to promote inclusive, sustainable economic growth. You can count on the IDB’s support.”

He also highlighted his support for the rule of law and transparency promoted by this administration to boost inclusive and sustainable economic growth in the country. 

More support 

As part of the 37th Annual Meeting of Governors of the Central American Isthmus and the Dominican Republic, the IDB president also met with the Minister of Public Finance, Jonathan Menkos.

The IDB supports Guatemala’s efforts to close social gaps and remains committed to promoting sustainable development for the Central American Isthmus and the Dominican Republic, ensuring a resilient and inclusive future for all.

They talked about sanitation, electrification, infrastructure projects, and technical assistance initiatives. They also addressed the new regional program “America at the Center” as part of the IDB’s agenda in conjunction with Guatemala and its people.

About Guatemala 

The IDB president underlined that Guatemala has the youngest population in Latin America and the Caribbean. This demographic bonus is a relevant asset that can lead to faster growth and more innovation. It likewise leads to greater social vitality and stronger human capital.

In addition, President Goldfajn highlighted Guatemala’s economic growth, the balance of fiscal accounts, and the credibility of its monetary policy. He also pointed out that Guatemala holds one of the best credit ratings in the region. As a result, it is just one step away from investment grade, according to the rating agencies.

Finally, he mentioned that the country has one of the most remarkable cultural heritages in the world, with treasures such as Tikal, a World Heritage Site, besides its multiculturalism and multilingualism.

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