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Statement December 7, 2021

Readout from World Bank Group President David Malpass’s Meeting with President Alejandro Giammattei of Guatemala

WASHINGTON, December 7, 2021 – Today, World Bank Group President David Malpass met with President Alejandro Giammattei of Guatemala.

President Malpass reaffirmed to President Giammattei the World Bank Group’s (WBG) commitment to supporting Guatemala’s efforts in the areas of social inclusion, nutrition, agriculture, value chains, and climate change. 

President Malpass commended Guatemala for expanding support for digital cash transfers after the outbreak of COVID-19 and encouraged further deployment of vaccines. 

President Malpass encouraged President Giammattei to enhance anti-corruption reforms and promote the rule of law in order to achieve better development outcomes for the people of Guatemala.

President Malpass and President Giammattei discussed Guatemala’s ongoing efforts to promote private investment, including attracting foreign direct investment (FDI) and mobilizing private domestic capital. President Malpass emphasized the importance of project selection and the prudent use of debt financing for growth-enhancing investment and better policies. 

President Malpass also highlighted the need to speed up the implementation of the Crecer Sano project aimed at combating stunting and expressed his support for enhanced regional trade facilitation.