May 17, 2019 |
Companies in Guatemala's textile and garment industry are struggling to find financing just as escalating trade tensions between China and the United States has raised the prospects of rising exports from the Central American nation, LatinFinance has heard.
"The government and the banks do not support the industry," Seung Hee Kim, CEO of the local clothing manufacturer Startex, said during a visit to the company's factory on the outskirts of Guatemala City. "I have had to mortgage everything, my
Manufacturers look to US lenders to fund expectations of rising exports