Guatemala: Request for Stand-By Arrangement-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala

May 12, 2009

Summary

This paper discusses a request from the Guatemalan authorities for an 18-month Stand-By Arrangement (SBA) with total access of SDR 630.6 million (about US$951 million). Guatemala has a strong track record of macroeconomic stability. The economy is open and hence vulnerable to external shocks. The authorities have taken a number of upfront measures to mitigate the impact of the external shock and preserve macroeconomic stability. The program will support the authorities’ policies and provide insurance against significant downside risks.

Subject: Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector

Keywords: authorities' priority, Commercial banks, CR, Credit, fund, Global, government plan, GRA credit, Guatemala, inflation-targeting framework, ISCR, policy, prudent fiscal policy, Public sector, staff monitoring

Pages:
69
Volume:
2009
DOI:
https://doi.org/10.5089/9781451816679.002
Issue:
143
Series:
Country Report No. 2009/143
Stock No:
1GTMEA2009001
ISBN:
9781451816679
ISSN:
1934-7685

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