DFC aims to catalyze $1bn in private sector investment in Guatemala
The US International Development Finance Corporation (DFC) has signed a memorandum of understanding aiming to catalyze private sector investment of up to $1 billion over three years in support of development in Guatemala.
DFC and the Government of Guatemala will prioritise investments that: Build critical infrastructure, with a focus on energy and housing as well as social infrastructure like healthcare and education; generate quality economic opportunities, especially by supporting small and medium-sized enterprises and women’s economic empowerment; and support efforts to stem irregular migration, particularly through port and airport modernization as well as technology and innovation.
Under the MOU, the Government of Guatemala will identify potential private sector projects that address these focus areas and may be eligible for DFC investment The MOU was signed by Adam Boehler, Chief Executive Officer of DFC, and Guatemalan President Alejandro Giammattei and Minister of Economy Antonio Malouf.
