IMF Staff Country Reports

Guatemala: Request for Stand-By Arrangement

Publication Date:

April 12, 2002

Electronic Access:

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Summary:

This paper examines Guatemala’s Request for a Stand-By Arrangement (SBA). The authorities are requesting a 12-month SBA in an amount equivalent to SDR 84 million (40 percent of quota) to support an economic program aimed at reducing the fiscal deficit and restructuring the financial system, while sustaining higher outlays on social and basic infrastructure as called for by the Peace Accords. The program assumes an acceleration of real GDP growth to 2.25 percent and a reduction in inflation to a 4–6 percent range.

Series:

Country Report No. 2002/080

Subject:

Banking Commercial banks Economic sectors Expenditure External debt Financial institutions Financial sector Public debt Public sector