Letter to the DFC, expressing our alarm and concern about the rapid deterioration of the rule of law in Guatemala and the implications of this deterioration for investments by the Development Finance Corporation. We are aware that in January 2020 Guatemalan President Alejandro Giammattei signed a memorandum of understanding with the DFC, aiming to catalyze private sector investment of up to $1 billion over three years in support of development in Guatemala. The Guatemala of today, however, is markedly different than the Guatemala of two years ago. Accordingly, we believe the DFC should revisit its investment plans with respect to Guatemala.
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