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International Monetary Fund
This paper reviews economic developments in Guatemala during 1990–95. In 1993–94, output growth was led by a buoyant services sector while activities in the primary and secondary sectors slowed. Domestic demand grew strongly in 1991–92 owing to a substantial expansion in private investment and an increase in consumption. Growth of domestic demand slowed in 1993–94 because of sluggishness in private fixed capital formation. The rate of inflation fell from 60 percent in 1990 to 11½ percent in 1993–94.
International Monetary Fund. External Relations Dept.
This paper highlights that since its inception in 1956, the International Finance Corporation (IFC) has invested more than US$1.7 billion in nearly 300 enterprises in 62 developing countries in total projects costing about US$9 billion. The IFC is the affiliate of the World Bank, which has been given the specific task of furthering economic development by encouraging the growth of productive private enterprise in developing countries. The paper underscores that IFC plays an essentially catalytic role in generating investment funds from local and foreign sources.