Guatemala: Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Guatemala

June 11, 2012

Preview Citation

Format: Chicago

Guatemala: Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Guatemala, (USA: International Monetary Fund, 2012) accessed November 27, 2024

Summary

This Article IV Consultation reports that macroeconomic developments in Guatemala have been broadly positive since 2010. Although the external current account deficit widened in 2011, the surplus in the capital account was larger, partly owing to banks’ increased access to foreign credit lines. Executive Directors have welcomed Guatemala’s economic recovery and the favorable outlook, considering that the policy stance for 2012 is broadly appropriate. Directors have also encouraged the authorities to improve public expenditure management.

Subject: Banking, Economic sectors, External debt, Public debt, Public financial management (PFM), Public sector, Revenue administration

Keywords: Bank capitalization, Central America, Countercyclical policy, CR, GDP, Global, Growth outlook, Inflation pressure, ISCR, Monetary policy rate, Public sector, World economic growth

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/146
Stock No:

1GTMEA2012001
ISBN:

9781475504330
ISSN:

1934-7685

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