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.
October 13, 2010
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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.
Subject: Arrears, Banking, Credit, Economic sectors, External debt, Government debt management, Money, Public debt, Public financial management (PFM), Public sector
Keywords: Arrears, authority, CR, Credit, fiscal authorities, Global, Government debt management, inflation targeting, inflation-targeting framework, ISCR, monetary policy stance, policy, policy dialogue, policy stance, Public sector
Pages:
27
Volume:
2010
DOI:
Issue:
309
Series:
Country Report No. 2010/309
Stock No:
1GTMEA2010003
ISBN:
9781455208463
ISSN:
1934-7685
