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Guatemala: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

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  • International Monetary Fund

Abstract

Owing to the deteriorating economy of Guatemala, authorities requested a Stand-By Arrangement (SBA) with access of SDR 630.6 million in April 2009, which aimed at safeguarding macroeconomic and financial stability and anchoring investor confidence. Executive Directors have agreed that the SBA is successful in mitigating the financial crisis. Directors have appreciated the authorities’ commitment in implementing policies focused on short-term macroeconomic and financial stability on time, and also have urged to look into some important vulnerabilities that would have strengthened the fiscal framework.

Suggested Citation

  • International Monetary Fund, 2011. "Guatemala: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement," IMF Staff Country Reports 2011/296, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/296
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    Cited by:

    1. Vasil S. Petkov, 2014. "Advantages and Disadvantages of Fiscal Discipline in Bulgaria in Times of Crisis," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 8(1), March.
    2. Cristian, IONESCU, 2014. "The Role Of The Economic And Institutional Framework In Ensuring Financial Stability In Romania, During 2012-2014," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 230-242.
    3. Zachary Kramer, 2019. "Fiscal Sovereignty under EU Crisis Management: A Comparison of Greece and Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 595-624, December.

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