US to Provide Guatemala’s Private Sector With $1 Billion in Financing for Economic Development, Regional Security

Guatemalan President and Army Commander in Chief Alejandro Giammattei speaks during a military ceremony in Guatemala City, on Jan. 15, 2020. Orlando Estrada / AFP via Getty Images

GUATEMALA CITY—The United States will pump $1 billion into Guatemala’s private sector to spur investment and create jobs, the head of a U.S. government agency said on Wednesday.

The announcement came as the Central American country’s new president, Alejandro Giammattei, has been meeting with U.S. officials this week to discuss how to attract investment to stimulate economic growth and contain factors pushing migrants to the United States.