Guatemala: Monetary Board Authorizes Bond Issue

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

Thursday, October 7, 2010

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."

The issuance of the bonds will take place during the remainder of the year.

More on this topic

Guatemala Authorizes $ 210 Million Bond Issuance

November 2010

Congress approved a $ 210 million bond issuance with the purpose of rebuilding the country.

Recent natural disasters which have hit the country left damages for more than $ 1,500 million.

"The decision was adopted with 110 votes from a quorum of 133. Decree 53-2010 was approved with 4 amendments and stipulates that if the resources are not used this year, they may be included in the 2011 budget," wrote Kenia Reyes from

Guatemala: Monetary Board Authorizes Bond Issue

November 2010

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

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

Guatemala Prepares $560 Million Bond Issue

May 2010

The Finance Ministry will meet with potential investors this week and will decide how much to set aside for the domestic and international markets.

Decree 19-2010 was published in the official government newspaper, thus authorizing the Finance Ministry to issue the securities.

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.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Organization that operates in Costa Rica, El Salvador, Nicaragua and Panama.
Phone: (506) 2280 5130

Company Profile

Stock Indexes

(Nov 22)
Dow Jones
S&P 500


(Nov 24)
Brent Crude Oil
Coffee "C"