GUATEMALA Staff Report for the 2005 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

October 6, 2005

Electronic Access:

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Summary:

This 2005 Article IV Consultation highlights that following three years of sluggish economic growth, activity in Guatemala improved somewhat in 2004, with real GDP rising by 2¾ percent, but consumer price inflation drifted upward to more than 9 percent. Monetary policy is being geared to reducing inflation to the 4–6 percent range. The exchange system is flexible, but the central bank has intervened in the foreign exchange in 2004 to contain the appreciation of the quetzal against the U.S. dollar. In January 2005, a rules-based mechanism for interventions was introduced.

Series:

Country Report No. 05/362

Subject:

English

Publication Date:

October 6, 2005

ISBN/ISSN:

9781451816655/1934-7685

Stock No:

1GTMEA2005003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

64

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