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Reuters
Reuters
Business

Guatemala not asking Taiwan for 'free money', does not owe debt like Honduras

A Taiwan and Guatemala flag is seen at an investment event in Taipei, Taiwan April 24, 2023. REUTERS/Ann Wang

Guatemala is not asking for "free money" from Taiwan and does not owe debt in the same way Honduras does, but is looking for long-term investment and trade, senior Guatemalan financial officials said on Monday.

Guatemala is one of only 13 countries to maintain formal diplomatic ties with Chinese-claimed Taiwan. Honduras abandoned Taipei for Beijing last month after asking for almost $2.5 billion in aid.

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