section_path: Economy and finance
section_name: Economy and finance
paragraph_text: Economy and finance
  
  Guatemala City, as the capital, is home to Guatemala's central bank, from which Guatemala's monetary and fiscal policies are formulated and promulgated. Guatemala City is also headquarters to numerous regional private banks, among them CitiBank, Banco Agromercantil, Banco Promerica, Banco Industrial, Banco GyT Continental, Banco de Antigua, Banco Reformador, Banrural, Grupo Financiero de Occidente, BAC Credomatic, and Banco Internacional.
  
  By far the richest and most powerful regional economy within Guatemala, Guatemala City is the largest market for goods and services, which provides the greatest number of investment opportunities for public and private investors in all of Guatemala. Financing for these investments is provided by the regional private banks, as well as through foreign direct investment mostly coming from the United States. Guatemala City's ample consumer base and service sector is represented by the large department store chains present in the city, among them Siman, Hiper Paiz & Paiz (Walmart), Price Smart, ClubCo, Cemaco, Sears, and Office Depot.