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Guatemala shines in Ease of Doing Business

The country jumped 14 places over last year and is one of the top 5 most improved economies.

 “My goal is to become one of the World Bank’s 10 most-reformed countries in Ease of Doing Business,” Guatemalan President Otto Pérez Molina said during a lunchtime keynote address at the Latin Trade Symposium on October 25. Due to the president’s efforts, his country exceeded those expectations: in the latest Ease of Doing Business, Guatemala is named as one of the world’s five most-improved economies, jumping 14 places from 93 to 79. This makes it the sixth-easiest destination in Latin America to do business (after Chile, Peru, Colombia, Mexico, and Panama), and the most business-friendly in DR-CAFTA. Improving the country’s business friendliness has been a major ambition of the administration, and the country’s improved business climate was among the reasons the Latin Trade Group honored him with the BRAVO Leader of the Year award last month. “Guatemala is open for business!” he announced in his acceptance speech at the BRAVO Awards ceremony in October.

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