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Guatemala: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala

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  • International Monetary Fund

Abstract

The Guatemalan economy is recovering faster than anticipated during the previous program review. The economic outlook has improved since the second program review. The fiscal deficit in 2010 will decline somewhat. There was agreement that a comprehensive tax reform remains the key medium-term challenge. There was agreement that monetary policy should remain vigilant. There has been progress in advancing financial sector reforms, but key elements of the reform agenda are pending. The near-term outlook has improved since the second program review, and downside risks have declined further.

Suggested Citation

  • International Monetary Fund, 2010. "Guatemala: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guatemala," IMF Staff Country Reports 2010/187, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/187
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24010
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    Cited by:

    1. Paul J. J. Welfens, 2016. "Overcoming the euro crisis and prospects for a political union," International Economics and Economic Policy, Springer, vol. 13(1), pages 59-103, January.
    2. Maka Chitanava & Maya Grigolia & Lasha Labadze, 2011. "Public Expenditures on Education and Health in Georgia before and during the Global Crisis," CASE Network Reports 0101, CASE-Center for Social and Economic Research.
    3. Paul Welfens, 2011. "From the transatlantic banking crisis to the euro crisis?," International Economics and Economic Policy, Springer, vol. 8(1), pages 15-29, April.
    4. Colin Busby & William B.P. Robson, 2011. "Impulse Spending: Canada's 2011 Fiscal Accountability Rankings," C.D. Howe Institute Backgrounder, C.D. Howe Institute, issue 142, September.

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