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

October 13, 2010

Preview Citation

Format: Chicago

Guatemala: Fourth Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala., (USA: International Monetary Fund, 2010) accessed November 14, 2024

Summary

The natural disasters that hit the country recently caused human losses and had a negative impact on the economy; however, they did not deviate the economic recovery path. Currently, growth in exports and imports is accelerating, remittances are recovering, and international reserves are well above end-2009 levels. The authorities have recently adopted regulations on liquidity and foreign currency credit risk management and have made further progress toward full provisioning of nonperforming loans. Finally, the IMF-supported program has also contributed to the achievement of their economic program goals.

Subject: Arrears, Banking, Credit, Economic sectors, External debt, Government debt management, Money, Public debt, Public financial management (PFM), Public sector

Keywords: Arrears, Authority, CR, Credit, Fiscal authorities, Global, Government debt management, Inflation targeting, Inflation-targeting framework, ISCR, Monetary policy stance, Policy, Policy dialogue, Policy stance, Public sector

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/309
Stock No:

1GTMEA2010003
ISBN:

9781455208463
ISSN:

1934-7685

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