Guatemala: Staff Report for the 2005 Article IV Consultation

October 6, 2005

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Format: Chicago

Guatemala: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 28, 2024

Summary

This 2005 Article IV Consultation highlights that following three years of sluggish economic growth, activity in Guatemala improved somewhat in 2004, with real GDP rising by 2¾ percent, but consumer price inflation drifted upward to more than 9 percent. Monetary policy is being geared to reducing inflation to the 4–6 percent range. The exchange system is flexible, but the central bank has intervened in the foreign exchange in 2004 to contain the appreciation of the quetzal against the U.S. dollar. In January 2005, a rules-based mechanism for interventions was introduced.

Subject: Economic sectors, Expenditure, External debt, Public debt, Revenue administration

Keywords: Central America, CR, Exchange rate, GDP, Government, Government agenda, ISCR, Market-oriented policy, Policy, Priority, Private sector, Public sector, Renewed commitment, U.S. dollar

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/362
Stock No:

1GTMEA2005003
ISBN:

9781451816655
ISSN:

1934-7685

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