Guatemala: Technical Assistance Report-Fiscal Transparency Evaluation

[This report is only available in Spanish] This report provides an updated assessment of fiscal transparency practices in Guatemala, aligning with the Fiscal Transparency Code (FTC) established by the International Monetary Fund (IMF). In 2016, Guatemala underwent an evaluation, which revealed that it had 4 practices rated as advanced, 4 as good, 17 as basic, and 10 practices fell below the basic level, with the practice concerning public-private partnerships not being rated. In the current evaluation, Guatemala demonstrates significant progress in fiscal transparency. The number of practices rated as basic or below has decreased to 17, while practices rated as good and advanced have increased to 19. Comparing with other Latin American countries and emerging market economies that have undergone the same evaluation, Guatemala's scores are similar. Presently, Guatemala has 7 practices at the advanced level, 12 at the good level, 11 at the basic level, and does not meet the minimum requirements of the CTF in 6 practices. The strongest areas of fiscal transparency practices lie in Pillar I, "Fiscal Reporting," and Pillar III, "Fiscal Risks." However, in Pillar II, "Fiscal Budgets and Forecasts," the scores are comparatively lower.