Guatemala: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

October 4, 2011

Preview Citation

Format: Chicago

Guatemala: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

Owing to the deteriorating economy of Guatemala, authorities requested a Stand-By Arrangement (SBA) with access of SDR 630.6 million in April 2009, which aimed at safeguarding macroeconomic and financial stability and anchoring investor confidence. Executive Directors have agreed that the SBA is successful in mitigating the financial crisis. Directors have appreciated the authorities’ commitment in implementing policies focused on short-term macroeconomic and financial stability on time, and also have urged to look into some important vulnerabilities that would have strengthened the fiscal framework.

Subject: Balance of payments, External debt, Financial crises, Prices, Public debt

Keywords: Central America, Central bank, CR, Crowding out, Crowding-out of credit, Current account deficits, Executive board assessment, Executive board discussion, External shock, Financing strategy, Global, Global financial crisis of 2008-2009, Inflation, Investor confidence, ISCR, Post evaluation, Supportive monetary policy

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/296
Stock No:

1GTMEA2011001
ISBN:

9781463921903
ISSN:

1934-7685

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