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Guatemala seeks new credit from International Fund

Tuesday, May 31, 2011

A technical mission from the International Monetary Fund will arrive in Guatemala this week to review the government’s finances and debt. The review is expected to launch negotiations on a precautionary liquidity provision to replace Guatemala’s existing standby arrangement.

The liquidity provision provides access to more credit, nor does it require the regular reviews of a standby. However, the new Guatemalan government will have to conclude the negotiations on any new agreement.

Original source (in Spanish): El Periódico