Walmart doubles its bet on Guatemala

Walmart de México y Centroamérica is increasing its stake in Guatemala with investments this year of $48 million.

That amounts to double the investment of 2018, says Ana Chan, a senior executive of the company. She said that the Despensa Familiar format is sone of the strengths of the company.

"We see it as an opportunity because we provides Walmart with a way into the provinces, generating integral development," Chan said. "For example, the store arrives, so does a road, electricity and running water show up, that's how the nation's economy begins to grow," Prensa Libre reports in Spanish.