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

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 authoritiesâ€™ 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.

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Year of publication:	2011-10-04
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Access policy \| Banking sector \| Conditionality \| Economic indicators \| Ex post assessments \| Exceptional use of Fund resources \| Financial soundness indicators \| Flexible exchange rate policy \| Governance \| Inflation targeting \| external financing \| public debt \| central bank \| current account \| tax reform \| external debt \| fiscal stimulus \| fiscal stance \| fiscal policy \| current account deficit \| fiscal deficit \| fiscal space \| balance of payments \| fiscal impulse \| tax administration \| external liabilities \| budgetary control \| tax reforms \| short-term debt \| private external debt \| prudent fiscal policy \| tax evasion \| public finances \| tax revenues \| commercial debt \| tax policy \| public sector debt \| tax base \| tax rates \| public expenditures \| fiscal reforms \| debt sustainability analysis \| fiscal policies \| fiscal balances \| debt ratios \| domestic financing \| current account adjustment \| taxpayer registration \| sovereign debt \| prudent fiscal policies \| increase in expenditures \| tax policy reform \| external shock \| tax authority \| fiscal loosening \| fiscal data \| fiscal management \| fiscal affairs \| revenue collection \| tax revenue \| fiscal solvency \| fiscal sustainability \| current account balance \| fiscal balance \| debt intolerance \| external resources \| long-term fiscal sustainability \| fiscal indicators \| private sector debt \| fiscal performance \| fiscal tightening \| fiscal affairs department \| debt sustainability \| low debt \| fiscal targets

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/296 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011142208