Guatemala's Roadmap to Investment Grade Case Study

This case study outlines Guatemala's initiative to achieve investment grade status, which aims to attract international investments and reduce borrowing costs. The World Bank provided technical assistance to support this initiative, which began with the establishment of an Inter-Institutional Risk Committee composed of various stakeholders from the public and private sectors. The case study details the collaborative efforts undertaken, including the analysis of credit rating methodologies by major agencies, capacity-building workshops for stakeholders, and the development of a monitoring framework to track progress. Key milestones achieved by Guatemala include the establishment of an investor relations function, high-level risk committee meetings, and successful upgrades in credit ratings by S&P and Fitch. The case study emphasizes the importance of accurate data collection and effective communication with investors and credit rating agencies to improve the country's credit profile.