IMF Staff Country Reports

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.

Publication Date:

October 13, 2010

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2010/309

Subject:

Arrears Banking Credit Economic sectors External debt Government debt management Money Public debt Public financial management (PFM) Public sector