In spite of economic progress, poverty rates remain high
With almost 17 million inhabitants, Guatemala is the eighth largest economy and most populous country in Central America. Despite its stable and growing economy, half of the population still lives below the national poverty line. Coronavirus and three tropical storms placed further strain on the economic and social situation in 2020. Many people attempt to migrate to the US, seeking better opportunities. Violence and crime have fallen considerably but remain a major problem, particularly in urban areas.
Over 30 % of the land in Guatemala is part of protected conservation areas. KfW is therefore providing the government with support, particularly in the fields of conservation and the preservation of biodiversity in protected areas.
As part of the BMZ 2030 reform strategy, the Federal Ministry for Economic Cooperation and Development (BMZ) is ending bilateral development cooperation with Guatemala. Apart from the projects and measures still in progress, no further commitments are planned. Projects are being continued at a regional level.
KfW Office Guatemala City
5a Avenida 17-49 Zona 14
Ciudad de Guatemala 01014
Phone: +502 23 15 - 82 00
Fax: +502 23 15 - 82 00