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

International Monetary Fund

No 2010/309, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 27
Date: 2010-10-13
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