{
  "title": "Guatemala: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala",
  "publication": "IMF Staff Country Reports, June 8, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/08/guatemala-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45955",
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  "summary": "This 2018 Article IV Consultation highlights that a sound monetary policy management in Guatemala has helped keep inflation expectations firmly anchored. Fiscal deficits have remained at decade lows on the back of low debt tolerance and inadequate budgetary execution.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Sound monetary policy management has helped keep inflation expectations firmly anchored.\n- Fiscal deficits have remained at decade lows, driven by low debt tolerance and inadequate budgetary execution.\n- Terms of trade gains and an upsurge in remittances inflows moved the current account into a sizable surplus.\n- The financial system is sound and well-regulated while vulnerabilities seem manageable.\n- Growth performance falls short of the rates needed to meaningfully lift living standards.\n- Near-term growth prospects:\n  - 3.2 percent in 2018\n  - 3.6 percent in 2019"
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subjects: Banking; Corruption; Expenditure; Fiscal policy; Inflation; National accounts; Prices; Revenue administration; Tax administration core functions\n- 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\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 8, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484360071.002",
    "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:",
    "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",
    "**Country Report**"
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