Report On Guatemala

Author by : The Johns Hopkins Foreign Policy Institute, School of Advanced International Studies (SAIS)
Language : en
Publisher by : Routledge
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Description : The findings of the Study Group on United States-Guatemalan Relations,organized under the auspices of the Central American and Caribbean Program(CACP) at the School of Advanced International Studies, The Johns HopkinsUniversity, focus on the nature of Guatemalan politics, possibilities for democratization,and the options available to U.S. policymakers during the regime ofGeneral Rios Montt. Also included in this book are two papers, commissioned by the CACP, that present starkly contrasting views of Guatemala in order to provide a background for the study group's discussions. As anticipated by study group members, the Rios Montt regime fell from power after the initial writing of this report, but their findings nevertheless provide an excellent overview of the debate on U.S. policy toward Guatemala.


Report On Guatemala

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Language : en
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Country Report

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Language : en
Publisher by :
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Guatemala 2005 Article Iv Consultation Staff Report Public Information Notice On The Executive Board Discussion And Statement By The Executive Director For Guatemala

Author by : International Monetary Fund
Language : en
Publisher by : International Monetary Fund
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Description : This 2005 Article IV Consultation highlights that following three years of sluggish economic growth, activity in Guatemala improved somewhat in 2004, with real GDP rising by 2¾ percent, but consumer price inflation drifted upward to more than 9 percent. Monetary policy is being geared to reducing inflation to the 4–6 percent range. The exchange system is flexible, but the central bank has intervened in the foreign exchange in 2004 to contain the appreciation of the quetzal against the U.S. dollar. In January 2005, a rules-based mechanism for interventions was introduced.


Guatemala 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Guatemala

Author by : International Monetary Fund. Western Hemisphere Dept.
Language : en
Publisher by : International Monetary Fund
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Total Read : 83
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Description : KEY ISSUES Context. Guatemala’s economy has performed solidly since the 2008–09 crisis. Output has converged to potential, inflation is under control, and macroeconomic policies remain prudent. However, risks to the outlook are tilted downwards, while buffers are modest and space for counter-cyclical policies is thin. Long-term inclusive growth is constrained by low investment in physical and human capital, institutional weaknesses, and lack of security. Near-term policies are broadly appropriate. With the output gap closed, the broadly neutral fiscal stance is adequate. The monetary stance is slightly expansionary, but inflation is at the bottom of the target range. The authorities should stand ready to tighten monetary policy if inflationary pressures re-emerge. Fiscal sustainability should be enhanced over the medium term. Though the debt-to- GDP ratio remains moderate, the ability to implement counter-cyclical fiscal policies is limited, not least by Guatemala’s high government debt-to-revenue ratio. Debt stabilization requires moderate tightening of the budgetary stance over the medium term. The emphasis should be on revenue mobilization, given the overall low level of spending. Consolidating gains from the 2012 tax reform, which has so far proved disappointing, will be critical. Efforts to upgrade the monetary and exchange policy framework should continue. Anchoring low and stable inflation will require measures to bolster monetary policy transmission, including by expanding exchange rate flexibility. This should provide an additional shock absorber and reduce incentives for dollarization. It would also establish the inflation target as the undisputed primary objective of the central bank. Further strengthening of the financial system is necessary. The 2014 FSAP update found that Guatemala has made significant progress in financial regulation and that the banking system appears to be generally sound. However, efforts are still needed to improve consolidated supervision and the regulation of off-shore banks. The time is also ripe for a phased move to Basel III standards. Structural reforms are vital to achieving long-term inclusive growth. Paving the way towards high, inclusive growth will depend upon raising the low tax-to-GDP ratio to support priority public spending, thereby addressing critical social and developmental needs.


Guatemala Technical Assistance Report Statistics Technical Assistance And Training Evaluation Mission

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Language : en
Publisher by : International Monetary Fund
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Description : A TA Evaluation mission from the IMF Statistics Department (STA), with the support of the IMF Western Hemisphere Department (WHD), visited Guatemala City, Guatemala during May 27-June 2, 2015. The main purposes were to evaluate the effectiveness of technical assistance (TA) and training in macroeconomic statistics provided to Guatemala during 1998-2015, and to discuss with the authorities future TA priorities. The lessons learned may be useful to further enhance the effectiveness of STA’s capacity building activities. The mission worked closely with officials from the main data-producing agencies in Guatemala—the Bank of Guatemala (BG), the National Statistics Institute (NSI), and the Ministry of Public Finance (MPF).


D B Country Riskline Report

Author by : D. & B. Country Risk Services
Language : en
Publisher by :
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Total Read : 27
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File Size : 42,7 Mb
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