Guatemala : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex

Despite a political crisis, linked to the arrest of the former President and other officials on corruption charges, Guatemala's economy has coped well. Growth and the external position have been boosted by low oil prices and strong remittances, while the fiscal deficit had declined. However, progress on social objectives is lagging. There are downside risks from global uncertainties and domestic policy constraints.