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Violence blocks foreign investment in Guatemala

Monday, June 23, 2014


 

Guatemala's private sector asked the government to strengthen measures against crime and impunity, which they claim blocks development and investment.

"Violence in Guatemala is blocking domestic and foreign investment, as well as affecting employment rates, said Carolina Castellanos, director of the American-Guatemalan trade chamber, Amcham.

Powerful Mexican drug cartels have entered Guatemala, and now account for 40 percent of the country's 6,000 yearly murders.

Full story (in Spanish)