Guatemala: Recent Economic Developments

September 4, 1998

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Guatemala: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed September 19, 2024

Summary

This paper reviews economic developments in Guatemala during 1990–97. During 1992–97, Guatemala’s economic performance strengthened, with growth rates averaging 4 percent helped by declining inflation, progress in trade and financial reform, and favorable terms of trade. Efforts to improve fiscal and credit policies contributed to reducing the external current account deficit and strengthening the net international reserve position. The authorities succeeded in bringing the combined public sector position to balance in 1995–96. The tax effort was raised from less than 7 percent of GDP in 1994 to 8.7 percent of GDP in 1996.

Subject: Banking, Economic sectors, Exports, External debt, Imports, International trade, Monetary policy, Public sector, Reserve requirements

Keywords: Central America, CR, Debt service, Export earnings, Exports, Financial system, Imports, ISCR, Public finance, Public sector, Reserve requirements, Short-term debt, Terms of trade, U.S. dollar, Unit price

Publication Details

Pages:

116
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/071
Stock No:

1GTMEA0011998
ISBN:

9781451816594
ISSN:

1934-7685

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