The IMF’s 2024 Article IV Consultation Staff Report on Guatemala highlighted the country’s economic stability and prudent policies. The IMF noted Guatemala’s inflation rate remains within the 4% +/- 1% target, supported by robust FX reserves, controlled fiscal deficits, and a low public debt-to-GDP ratio. However, the report also indicated downside risks, including political uncertainties, emphasizing Guatemala’s economic dependence on remittances and its implications for monetary and FX policies.