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Guatemala 3 Count: Exposing the Force Behind Its Growth

The Guatemala 3 Count, where we bring you 3 Guatemala stories that you shouldn’t miss.

guatemala-investment

Carlos VanVegas

1. What’s Driving Guatemala’s Tourism Boom?

The Guatemalan government has increased its foreign investment by over 300% since 2003 in an attempt to drive economic growth, stability, and improvements in infrastructure. Its efforts are paying off as more and more tourists are flocking to places rich in culture and heritage such as Antigua.

2. Investing in Guatemala Just Got Easier

Last year, foreign investment in Guatemala grew by 25 percent and, with the government’s recent reforms to the country’s employment law and judicial security, analysts are predicting an additional 15 percent growth for 2013.

3. Pulling Out of a Downward Spiral

Guatemala remains a troubled country, threatened by the international drugs trade as well as by its own weaknesses. But there are signs that it may at last be pulling out of its downward spiral. Leading the way to change is a president bent on changing the future for his country, but old habits are hard to break.

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