The International Monetary Fund (IMF) will begin next Monday the examination of Chapter IV, which consists of reviewing the performance of various macroeconomic and fiscal policy indicators, as well as the national financial system, official sources reported.
The IMF visit is coordinated and directed by María Oliva Armengol, who is the country head, who comes from Washington DC, and will be in the country with her team for two weeks conducting the evaluation.
Every year, the aforementioned international organization carries out this exercise in the member countries to then provide the advice that is considered necessary, which is complemented by periodic visits known as Article IV Consultations. This will be the first consultation that will be made to the administration of ruler Bernardo Arévalo, who took office last January.
At the beginning of the year, a delegation came to Guatemala to learn regarding the closing indicators of the economy in 2023.
Agenda
The president of the Bank of Guatemala (Banguat), Álvaro González Ricci, reported that, during the visit to Guatemala, the team of IMF economists will evaluate the economic and financial evolution and analyze economic policies with government officials, central banks and the Superintendency of Banks (SIB).
He explained that the IMF mission will also meet with congressmen, representatives of the private sector, civil society, think tanks, international financial organizations and diplomatic corps accredited in the country.
At the end of the Article IV Consultation, the mission will issue a press release and a detailed report describing the recent economic and financial situation and its prospects, as well as policy priorities, endorsed by the IMF executive board, it said.
Notes update
On April 18, the rating agency Standard & Poor’s improved Guatemala’s outlook to “Positive,” reflecting Guatemala’s long history of macroeconomic stability and economic resilience, in a context of manageable fiscal deficits, a low level of net debt, solid of the external profile and a history of robust monetary policy.
A delegation from the rating agency Moody’s Investors Service would be expected next month to carry out its own evaluation, it was reported.
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