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Guatemala: Fourth Review Under the Stand-By Arrangement: Staff Report; 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 2010: Issue 309
Language:
English
Publication Date:
13 Oct 2010
DOI:
https://doi.org/10.5089/9781455208463.002
ISBN:
9781455208463
ISSN:
1934-7685
Pages:
27
Keywords:
ISCR; CR; monetary policy stance; inflation-targeting framework; authority; policy; inflation targeting; policy dialogue; policy stance; fiscal authorities; Public sector; Government debt management; Credit; Arrears; Global
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The natural disasters that hit the country recently caused human losses and had a negative impact on the economy; however, they did not deviate the economic recovery path. Currently, growth in exports and imports is accelerating, remittances are recovering, and international reserves are well above end-2009 levels. The authorities have recently adopted regulations on liquidity and foreign currency credit risk management and have made further progress toward full provisioning of nonperforming loans. Finally, the IMF-supported program has also contributed to the achievement of their economic program goals.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2010: Issue 309