Guatemala Selected by the U.S. for an Economic Growth Program
Guatemala has been chosen by the Millennium Challenge Corporation (MCC) to participate in a new economic initiative aimed at fostering economic growth through institutional reform, infrastructure improvements and expanded public-private cooperation. This recognition reflects Guatemala’s recent efforts toward modernization and stronger bilateral relations with the United States.
MCC’s Threshold Program and Guatemala’s Selection
The Millennium Challenge Corporation (MCC), an independent U.S. government agency focused on strategic economic cooperation grounded in measurable results, selected Guatemala to develop a threshold program designed to address constraints on private-sector-led economic growth.
Guatemala was chosen alongside Ecuador and Bolivia as the only three countries in Latin America selected for this type of partnership, highlighting the country’s growing role in regional economic development efforts. Recognition of Economic Reforms and Bilateral Cooperation
According to the official announcement, the MCC Board’s decision was based on Guatemala’s measurable progress in public sector reforms, institutional modernization, and strengthened relations with the United States. This selection also builds on the success of earlier threshold programs implemented in Guatemala.
The program will provide access to key technical and financial resources, enabling Guatemala to implement public policies that may improve competitiveness, reduce poverty, and strengthen the overall economic environment within a cooperative international framework.
Government Response and Economic Priorities
Guatemalan authorities described the selection as a significant step in the country’s economic transformation. Government officials emphasized their continued commitment to transparency, institutional development and attracting investment that can generate employment and broader economic well-being for the population.
This collaboration illustrates the shared interest of Guatemala and the United States in promoting economic reforms and deeper cooperation, reinforcing Guatemala’s strategic position within regional development initiatives.
