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Guatemala: Request for Stand-By Arrangement-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 143
Language:
English
Publication Date:
12 May 2009
DOI:
https://doi.org/10.5089/9781451816679.002
ISBN:
9781451816679
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; fund; Guatemala; inflation-targeting framework; policy; government plan; prudent fiscal policy; authorities' priority; staff monitoring; GRA credit; Credit; Public sector; Commercial banks; Global
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This paper discusses a request from the Guatemalan authorities for an 18-month Stand-By Arrangement (SBA) with total access of SDR 630.6 million (about US$951 million). Guatemala has a strong track record of macroeconomic stability. The economy is open and hence vulnerable to external shocks. The authorities have taken a number of upfront measures to mitigate the impact of the external shock and preserve macroeconomic stability. The program will support the authorities’ policies and provide insurance against significant downside risks.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund