Front Matter

Front Matter Page

INTERNATIONAL MONETARY FUND

IMF Country Report No. 11/296

GUATEMALA

EX POST EVALUATION OF EXCEPTIONAL ACCESS UNDER THE 2009 STAND-BY ARRANGEMENT

October 2011

The following documents have been released and are included in this package:

  • The Ex Post Evaluation on Guatemala prepared by a staff team of the IMF based on information available at the time it was completed on July 25, 2011. The views expressed in this report are those of the staff team and do not necessarily reflect the views of the government of Guatemala or the Executive Board of the IMF.

  • Public Information Notice (PIN) summarizing the views of the Executive Board as expressed during its September 9, 2011 discussion of the Ex Post Evaluation.

  • Statement by the Executive Director for Guatemala.

The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information.

Copies of this report are available to the public from

International Monetary Fund • Publication Services

700 19th Street, N.W. • Washington, D.C. 20431

Telephone: (202) 623-7430 • Telefax: (202) 623-7201

E-mail: publications@imf.org Internet: http://www.imf.org

International Monetary Fund

Washington, D.C.

©2011 International Monetary Fund

Front Matter Page

INTERNATIONAL MONETARY FUND

GUATEMALA

Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

Prepared by an Interdepartmental Team1

Authorized for distribution by the Western Hemisphere Department and the Strategy, Policy, and Review Department

July 25, 2011

Contents

  • I. Introduction and Summary

  • II. Overview of Developments Prior to the 2009 Program

  • III. Program Design and Exceptional Access Policy

    • A. Assessment of the Program Design

    • B. Exceptional Access Policy

  • IV. Assessment of Program Performance and Policy Implementation

  • V. Conclusions

  • Boxes

  • 1. Estimates of Private External Debt

  • 2. Recent Revenue Initiatives

  • Tables

  • 1. Guatemala: Selected Economic and Social Indicators

  • 2. Guatemala: Financial Soundness Indicators

  • Appendices

  • 1. Gauging the Appropriateness of the Fiscal Stimulus

  • 2. Views of the Authorities

Front Matter Page

Public Information Notice (PIN) No. 11/122

FOR IMMEDIATE RELEASE

September 19, 2011

International Monetary Fund

700 19th Street, NW

Washington, D. C. 20431 USA

Telephone 202-623-7100

Fax 202-623-6772

www.imf.org

Front Matter Page

Statement by Carlos Perez-Verdia, Executive Director for Guatemala and Johny Gramajo-Marroquin, Alternate Executive Director

September 9, 2011