{
  "title": "Guatemala: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala",
  "publication": "IMF Staff Country Reports, May 24, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641",
  "overlayPath": "/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/index.md",
  "summary": "This 2023 Article IV Consultation highlights that Guatemala's solid record of accomplishment of prudent macroeconomic policies and large remittance inflows provided the country with large buffers to weather a challenging global environment and tightened global financial conditions.",
  "sections": [
    {
      "heading": "Key findings and macroeconomic assessment",
      "content": "- Guatemala has a solid record of accomplishment of prudent macroeconomic policies and large remittance inflows, which provided the country with large buffers to weather a challenging global environment and tightened global financial conditions.\n- Inflationary pressures remain high; with April 2023 headline inflation at 8.32 percent.\n- The currency has remained stable and the external balances solid, despite a large import bill.\n- The financial sector has proven resilient to global financial tightening conditions and domestic interest rate hikes.\n- Guatemala remains an economy with untapped opportunities."
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Scale up implementation of a transformative infrastructure agenda.\n- Foster human capital and social policies.\n- Enhance legal certainty to support a sustainable and inclusive medium-term growth model with higher potential growth.\n- Fast track reforms to improve the business climate environment and attract foreign investment."
    },
    {
      "heading": "Risks, opportunities, and strategic outlook",
      "content": "- While the global outlook is challenging, the current conjuncture offers opportunities to draw on the demographic dividend.\n- The combination of demographic dynamics and the suggested reforms could help accelerate private investment and inclusive growth."
    },
    {
      "heading": "Key statistics and technical points",
      "content": "- April 2023 headline inflation: 8.32 percent.\n- Report length: 102 pages.\n- Series: Country Report No. 2023/172.\n- Stock No: 1GTMEA2023002.\n- ISBN: 9798400242939.\n- ISSN: 1934-7685.\n- DOI: https://doi.org/10.5089/9798400242939.002\n\nInternational Monetary Fund. Guatemala: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala.\n\n---\n\n Content in this bundle\n\n- 1gtmea2023002\n  - 1gtmea2023002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1gtmea2023002 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/bundle-manifest.json)",
    "Published: May 24, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400242939.002",
    "Guatemala has a solid record of accomplishment of prudent macroeconomic policies and large remittance inflows, which provided the country with large buffers to weather a challenging global environment and tightened global financial conditions.",
    "Inflationary pressures remain high; with April 2023 headline inflation at 8.32 percent.",
    "The currency has remained stable and the external balances solid, despite a large import bill.",
    "The financial sector has proven resilient to global financial tightening conditions and domestic interest rate hikes.",
    "Guatemala remains an economy with untapped opportunities.",
    "Scale up implementation of a transformative infrastructure agenda.",
    "Foster human capital and social policies.",
    "Enhance legal certainty to support a sustainable and inclusive medium-term growth model with higher potential growth.",
    "Fast track reforms to improve the business climate environment and attract foreign investment.",
    "While the global outlook is challenging, the current conjuncture offers opportunities to draw on the demographic dividend.",
    "The combination of demographic dynamics and the suggested reforms could help accelerate private investment and inclusive growth.",
    "April 2023 headline inflation: 8.32 percent.",
    "Report length: 102 pages.",
    "Series: Country Report No. 2023/172.",
    "Stock No: 1GTMEA2023002.",
    "ISBN: 9798400242939.",
    "ISSN: 1934-7685.",
    "DOI: https://doi.org/10.5089/9798400242939.002",
    "**1gtmea2023002**"
  ],
  "related": [
    {
      "title": "1gtmea2023002",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2023/english/1gtmea2023002.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2023/english/1gtmea2023002.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2023/english/1gtmea2023002.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/index.md",
    "json": "/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/index.json",
    "bundleManifest": "/en/publications/cr/issues/2023/05/22/guatemala-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-533641/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T19:33:46.95Z"
}