Guatemala Moving Forward

Guatemala No Se Detiene

Moving Forward

Representatives from the Guatemalan government and the private sector signed the inter-institutional cooperation agreement "Guatemala Moving Forward," (Guatemala No Se Detiene in Spanish) which establishes a road map to attract more foreign investment and improve conditions for the Guatemalan economy and inhabitants.

The agreement, signed by the Ministries of Economy (MINECO), Finance (MINFIN), Foreign Affairs (MINEX), the Bank of Guatemala (BANGUAT), the Municipality of Guatemala, the Guatemalan Exporters Association (AGEXPORT), and the Foundation for the Development of Guatemala (FUNDESA), aims to coordinate efforts to attract foreign capital and create jobs.

This agreement is the product of a national effort and a government priority, as it will strengthen the Economy, Competitiveness, and Prosperity Pillar of the General Government Policy 2020-2024.

Through the guidance and cooperation of the institutions that signed the agreement, the plan recommends two specific strategies:


Strengthen the sectors in which Guatemala already excels in order to boost exports by an extra $5 billion through industries such as textile and apparel, agriculture, food and beverages, and chemicals.


Attract new investment by capitalizing on the competitive advantages of our closeness to important global markets (nearshoring) in industries such as pharmaceuticals, medical devices, electronics manufacturing, and business process outsourcing (BPOs). Together, these industries have the potential to attract an extra $300 million in Foreign Direct Investment (FDI).
Mesas de Trabajo Guatemala No Se Detiene