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Guatemala: Staff Report for the 2005 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 362
Language:
English
Publication Date:
06 Oct 2005
DOI:
https://doi.org/10.5089/9781451816655.002
ISBN:
9781451816655
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; government; policy; government agenda; GDP; priority; private sector; renewed commitment; U.S. dollar; market-oriented policy; exchange rate; Public sector; Central America
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund