OECD looking further into Guatemala

By Mayora IP

At the request of the governments of Guatemala, El Salvador and Honduras, the Organisation for Economic Co-operation and Development (OECD) plans to conduct in 2020 an Investment Policy Study in those countries to propose reforms that improve the business climate. The announcement was made by Andrea Goldstein, in charge of Global Relations at the OECD Investment Division, who visited Guatemala in July 18, 2019.

Guatemala, El Salvador and Honduras form the Northern Triangle of Central America, especially in regard to their economic integration, and have launched in 2018 a Customs Union to improve business and commercial relations. Looking to shape policies that foster prosperity, equality, opportunity and well-being in the region, the OECD recently highlighted Guatemala’s “K’atun Our Guatemala 2032”, a national development long-term plan with the notion of equity as the main pillar for the future development of the country.

“The plan, which has five main axes, has strong links with Sustainable Development Goal 2 (zero hunger), 10 (reduction of inequalities) and 11 (sustainable cities and communities)”, the OECD stated in its Latin American Economic Outlook 2019.