Guatemala: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala.

July 6, 2010

Preview Citation

Format: Chicago

Guatemala: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala., (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The Guatemalan economy is recovering faster than anticipated during the previous program review. The economic outlook has improved since the second program review. The fiscal deficit in 2010 will decline somewhat. There was agreement that a comprehensive tax reform remains the key medium-term challenge. There was agreement that monetary policy should remain vigilant. There has been progress in advancing financial sector reforms, but key elements of the reform agenda are pending. The near-term outlook has improved since the second program review, and downside risks have declined further.

Subject: Balance of payments, Banking, Current account balance, Economic sectors, Inflation, Prices, Public debt, Public sector, Revenue administration

Keywords: Caribbean, Central America, CR, Current account balance, Global, Government plan, Inflation, Inflation targeting framework, ISCR, Monetary policy stance, Public debt dynamics, Public sector, Staff appraisal, Staff's sense

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/187
Stock No:

1GTMEA2010002
ISBN:

9781455202492
ISSN:

1934-7685

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