Guatemala: Monetary Board Authorizes Bond Issue

The Monetary Board approved the issuance of $ 673 million in securities to finance the 2011 budget.

Friday, November 12, 2010

The approval was unanimous, this time with the support of the private bank sector.

"Tulio García, representative of the private sector at the WB, said that opposing the decision of the board was a lost cause, so they opted to seek the Government's commitment for the fiscal 2011 deficit not to exceed 2.7 percent of gross domestic product (GDP) and wait for the year to end between 3.1 to 3.4 percent of GDP," writes Lorena Alvarez from

More on this topic

Guatemala: Monetary Board Authorizes Bond Issue

October 2010

The Monetary Board (JM) authorized the issuance of $ 210 million in treasury bonds by the Ministry of Finance.

If approved by Congress, the Government's deficit this year would reach 3.4% of GDP. reports, "Julio Suarez, vice president of Banguat, announced that JM endorsed his opinion of an increase in public debt, although representatives of the private banking and corporate sectors opposed it."

Guatemalan Bond Issue Raises Alarms

May 2010

Experts foresee increased interest rates, exchange rate variations, liquidity issues, domestic credit shortages and more inflation.

Investors would be drawn to the superior interest rates paid by government securities, taking money out of the market and into the State Treasury, limiting the capacity of banks to lend to private companies.

Guatemala Issues $50 million in bonds

April 2011

The Ministry of Public Finance has placed more than $50 million in dollars and quetzals on the market.

The treasury bonds have been issued both in quetzales and dollars, each for various time periods.

A report by Byron Dardón to La Prensa Libre states: "Of the total registered bonds, 81.8% are from the private sector and 18.2% from the public sector .

Guatemala Could Issue 77% More Bonds

April 2010

The Finance Commission of the Legislative approved to issue the bonds and increased them to $874 million.

Originally, the Executive had proposed to issue debt for 4500 million quintals ($562 million), but this figure was increased by the Finance Commission.

The project was conceived to fund the State’s budget, and will now be discussed by Congress.

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