Guatemala: 2019 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, June 18, 2019
Source details
- Canonical URL
- Guatemala: 2019 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: June 18, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498320108.002
Executive summary and outlook
- Fundamentals remain strong and growth has revived after three years of subpar performance.
- Improved budgetary execution and monetary accommodation, broadly in line with past staff advice, are providing demand support as the economy navigates weaker terms of trade.
- Near-term growth is poised for a rebound on the back of fiscal impulse from the 2019 expansionary budget, exports recovery after last year’s slump, and construction-driven investment.
- Lack of progress on long-delayed business climate and public sector reforms, the Sustainable Development Goals (SDG) agenda, and financial inclusion, dampen medium-term prospects.
Key themes and subject coverage
- Subject areas: Banking, Economic sectors, Fiscal policy, Foreign exchange, Inflation, Prices, Public sector, Revenue administration, Tax evasion.
- Keywords included: balance, Central America, CR, exchange rate, executive board assessment, Global, Inflation, inflation expectation, ISCR, monetary policies' support, private sector, private sector growth, Public sector, support of demand, Tax evasion.
Content in this bundle
- 1gtmea2019001