GUATEMALA Staff Report for the 2005 Article IV Consultation

1GTMEA2005003 Image
Price:  $15.00

Release Date: © October, 2005
ISBN : 978-1-45181-665-5
Stock #: 1GTMEA2005003
English
Stock Status: On back-order

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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.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Monetary policy




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