Guatemala

Download or read book Guatemala written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-06 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.