Forbes Forum in Spanish concludes with a view to new investments for Guatemala

guatemalalacapital_iqw7v5 October 20, 2022

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Antigua Guatemala, Sacatepéquez, Oct 19 (AGN).- For three days, more than 1,500 participants from Latin America and other Eastern countries took part in the first Forbes Forum in Spanish, carried out in the colonial city of Antigua Guatemala.

This Wednesday, the President Alejandro Giammattei He highlighted that as part of the event several businessmen expressed their desire to invest in Guatemala.

It has been a long journey of three days, but now we have several places in the world that want to invest in Guatemala, the president pointed out.

He also stated that it is expected to finalize several investment agreements and thus exceed the goal of foreign investment for next year.

We hope to have projects for next year and that reaching the goal of 1.7 billion dollars in foreign direct investment is a reality, pointed out.

During these three days, the president and members of the Government Cabinet participated in a series of bilateral meetings with businessmen from countries such as Mexico, Qatar, the United Arab Emirates, Colombia, the United States and Honduras.

It is an honor to participate in the first #ForumForbesES22 @Forbes_ee in which we will share success stories of some of the most important leaders and we will send a message of positivity and hope that allows us to overcome the challenges in this time that we live globally. pic.twitter.com/gYX9rahnIb

– Alejandro Giammattei (@DrGiammattei) October 18, 2022

More than 60 exhibitors

The colonial city of Antigua Guatemala brought together more than 60 exhibitors and speakers from 20 countries, who shared their knowledge on economic growth, climate crisis and investments.

With a gala dinner, the activities of the first Forbes Economics and Business Forum in Spanish began on Monday. This forum was organized by Forbes en Español, one of the most influential business and finance magazines in the world.

During the opening ceremony, the main opinion leaders, businessmen and decision makers met, led by the president of Guatemala and the president of Forbes en Español, Mariano Menéndez.

In this regard, the authorities of the Government of Guatemala highlighted the efforts framed in the plan Guatemala does not stopeconomic transformation project that includes investment actions that promote employment opportunities for Guatemalans, tourism and economic growth.

Guatemala does not stop

Menéndez stressed that the country was chosen for three important aspects, which are factors that have allowed the presence of businessmen, decision makers and opinion leaders from the region.

In addition, he mentioned that when talking with businessmen from Colombia, Mexico and Ecuador there have been positive impressions about Guatemala.

During the activity, the Government highlighted the program Guatemala does not stop. This is based on the attraction of investments, business climate and opening of new markets for national products.

The main objective of the project is to modernize the country and that in 15 years an economic transformation will be reflected, with more than 2 million jobs.

#ForumForbesES22 | Participants in the Forbes Business and Economy Forum learn about government strategies that place the country as an ideal investment destination.#ForbesAntigua2022🇬🇹 https://t.co/9msafkg1aM

— AGN (@AGN_news) October 20, 2022

Investment destination

At the meeting, Janio Rosales, head of the Ministry of Economy (Mineco), highlighted the reasons why Guatemala is the ideal destination for investments.

Guatemala is in visibility and in the place that corresponds to the international level. This responds to the leadership of President Giammattei and a strategy that has allowed for positive results, Rosales said.

Rosales emphasized that currently Guatemala has exceeded the goal of 1.5 billion dollars of foreign direct investment for this year, which currently stands at 1.631 billion dollars.

Intervention of the Minister of @MINECOGTJanio Rosales, during the #ForumForbesES22 in AntiguaGuatemala. #ForbesAntigua2022 https://t.co/NCkliG3Bv6

— Guatemalan Government (@GuatemalaGob) October 20, 2022

The reactions

Edgar Chavarría, manager of Banco Industrial, described the event as extremely important, since it positions the country in the investment sector.

The businessman indicated that his message consisted of emphasizing that Guatemala’s financial banking system is in good condition. For this reason, it seeks to support the investor, the entrepreneur and the population.

Meanwhile, Pedro Brolo, director of Guatemala for the Central American Bank for Economic Integration (CABEI), agreed with this position. For this reason, he mentioned that CABEI has created a special fund to encourage foreign investment, which will help new projects for the country to streamline their operations.

In addition, Mauricio Ramos, executive director of Millicom Internacional, one of the special guests of Forbes en Español, gave his point of view on the reasons why Guatemala is a destination to generate investments.

Ramos recalled that a year ago this company invested around 2.5 billion dollars in the purchase of 45% of Tigo, with which it was able to acquire 100% of the total of that company.

In addition, he highlighted that Guatemala’s macroeconomy is solid and stable, and encompasses a digital dividend process that has a long way to go.