TY - BOOK ED - International Monetary Fund. TI - Guatemala: Recent Economic Developments T2 - IMF Staff Country Reports; Country Report SN - 1451816596 : SN - 1934-7685 PY - 1998/// CY - Washington, D.C. PB - International Monetary Fund KW - Bonds KW - imf KW - Central Bank KW - Current Account KW - Financial Intermediaries KW - Reserve Requirements KW - Guatemala N2 - This paper reviews economic developments in Guatemala during 1990-97. During 1992-97, Guatemala's economic performance strengthened, with growth rates averaging 4 percent helped by declining inflation, progress in trade and financial reform, and favorable terms of trade. Efforts to improve fiscal and credit policies contributed to reducing the external current account deficit and strengthening the net international reserve position. The authorities succeeded in bringing the combined public sector position to balance in 1995-96. The tax effort was raised from less than 7 percent of GDP in 1994 to 8.7 percent of GDP in 1996 UR - http://elibrary.imf.org/view/IMF002/02979-9781451816594/02979-9781451816594/02979-9781451816594.xml UR - http://www.imfbookstore.org/IMFORG/9781451816594 ER -