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

_IMF Staff Country Reports, June 8, 2018_

## Source details

**Canonical URL:** [Guatemala: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/06/08/guatemala-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45955/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/06/08/guatemala-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45955/index.json)
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## Bibliographic details
- Published: June 8, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484360071.002

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### 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18154-guatemalabundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18154-guatemalabundle.pdf){rel="external" type="application/pdf"}

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_Source: 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_