Invest Guatemala and the Guatemalan Chamber of Industry held the event “Sustainable investments for Industrialization in Guatemala” on November 15 at the Industrial Club’s facilities. The importance of impact investments for the country was emphasized in this sector. Similarly, various sustainable projects that seek to begin operations in Guatemala, such as the creation of textiles from banana fiber, the manufacture of packaging from bagasse, and renewable energy, were presented.
Gema Sacristan, chief investment officer of IDB Invest, was also in attendance and presented the value proposition that the Inter-American Development Bank provides to organizations in the infrastructure, corporate, and financial intermediary sectors, as well as the process of working with IDB Invest. The Rubber Nucleus’ Francisco Ralda discussed the necessity of sustainable rubber industrialization in Guatemala and the prospects for the country to expand this sector. Finally, Priscila Oropín, director of the National Competitiveness Program, delivered the closing remarks, explaining the government’s accomplishments, presenting the various one-stop-shops that have been developed to facilitate procedures for foreign investors, and reiterating the president’s commitment to making Guatemala an investor-friendly country.