Franklin

Guatemala [electronic resource] : First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Consultation Clause: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 09/305.
IMF Staff Country Reports; Country Report No. 09/305
Format/Description:
Government document
Book
1 online resource (42 p.)
Local subjects:
Amortization payments.
Announcements.
Balance of payments.
Bank reforms.
Banking sector.
Central bank.
Currency risk.
Current account.
Current account balance.
Current account deficit.
Debt dynamics.
Debt ratios.
Debt sustainability.
Domestic debt.
Domestic financing.
Economic growth.
Economic indicators.
Excessive volatility.
External borrowing.
External debt.
External disbursements.
External financing.
External shock.
Fiscal reforms.
Flexible exchange rate policy.
Inflation.
Inflation targeting.
Liquidity management.
Loan disbursements.
Medium-term debt sustainability.
Monetary conditions.
Monetary fund.
Monetary policy.
Monetary policy transmission mechanism.
Monetary sector.
Monetary survey.
Open market operations.
Performance criteria modifications.
Private banks.
Private credit.
Private debt.
Private sector debt.
Private sector debts.
Public debt.
Public finances.
Public sector debt.
Repayment capacity.
Short-term debt.
Staff Reports.
Stand-by arrangement reviews.
Total external debt.
Guatemala.
Summary:
This paper discusses key findings of the First Review Under the Stand-By Arrangement for Guatemala. The fiscal deficit is increasing owing to a sharp decline in revenues, associated with the contraction in imports and domestic demand. The policy interest rate has been cut. All quantitative performance criteria through June have been met. Inflation has fallen below the consultation band set in the program, triggering a consultation with IMF staff. Fiscal policy needs to continue striking a balance between avoiding a procyclical stance and maintaining debt sustainability.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451816685:
9781451816686
ISSN:
1934-7685
Publisher Number:
10.5089/9781451816686.002
Access Restriction:
Restricted for use by site license.
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