Walmart Promises Billions of Central American Investment

31st May 2024

 Walmart has announced investment worth at least US$1.3bn over the next five years in Central America. Of this, US$700mn has been promised to Guatemala, another US$600mn has been earmarked for Costa Rica. Cristina Ronski, Senior Vice President and General Director for Walmart Central America announced the news in which she promised to double the amount of stores across the region by 2029. The stores are expected to create 6,500 direct jobs between the two countries. It also includes a distribution centre in Coyol, Costa Rica, for perishable goods. In Guatemala, Walmart makes an estimated US$2bn worth of annual purchases through its supply chain. 

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