Guatemala: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala

IMF Staff Country Reports, June 8, 2018

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Guatemala: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala

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Bibliographic details

• Published: June 8, 2018
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484360071.002

Key findings

• Sound monetary policy management has helped keep inflation expectations firmly anchored.
• Fiscal deficits have remained at decade lows, driven by low debt tolerance and inadequate budgetary execution.
• Terms of trade gains and an upsurge in remittances inflows moved the current account into a sizable surplus.
• The financial system is sound and well-regulated while vulnerabilities seem manageable.
• Growth performance falls short of the rates needed to meaningfully lift living standards.
• Near-term growth prospects:
  • 3.2 percent in 2018
  • 3.6 percent in 2019

Subject areas and keywords

• Subjects: Banking; Corruption; Expenditure; Fiscal policy; Inflation; National accounts; Prices; Revenue administration; Tax administration core functions
• Keywords: activity indicator; authority; Caribbean; Central America; CR; Global; Inflation; inflation expectation; inflation risk; ISCR; policy; rate; sound monetary policy management; target band; Tax administration core functions; terms of trade gain

Content in this bundle

• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)