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Guatemala - Economic growth

Team Europe Initiative
Continent:
Americas & the Caribbean
Region:
Americas & the Caribbean

Description

EU-Guatemala Alliance for Sustainable Growth and Jobs

The Transformational Potential includes:

  • Creating decent employment: Decent jobs for women and Women's economic empowerment
  • Encourage the creation of new businesses and self-employment opportunities as well as maximise MSMEs potential
  • Promote economic development beyond the capital or urban areas and greater equity in the distribution of economic growth

The Team Europe Proposal activities include:

  • Full use of the opportunities offered by the EU-CA Association Agreement: Increasing trade relations with EU & Attracting more investments from EU companies.
  • Improving the competitiveness of micro, small and medium-sized enterprises (MSMEs)
  • Institutional capacity building
  • Promote the trade opportunities & Increase trade and business between Central America and EU
  • Implementation of the country’s financial inclusion strategy
  • TA to legal framework governing private investments update (i.e. Free Zones Law).
  • Design joint strategies to attract private investments & EU private investments
  • Improving knowledge and legal framework on PPP
  • Clean and sustainable technologies and innovation mechanisms to value chains with high potential for job creation
  • Promote and support small-scale start-up projects (innovation and job creation)
  • Economic empowerment of women and girls
  • Strengthening cooperation between academia, research centres and private sector, and alliances with EU partners

Team Europe Actors

EU Member states

Other Team Europe Actors

Geographical area

Guatemala

Thematic priority

Sustainable growth and jobs
Human Development

SDGs

5. Gender Equality
8. Decent Work and Economic Growth
9. Industry, Innovation and Infrastructure
11. Sustainable Cities and Communities
16. Peace, Justice and Strong Institutions