Guatemala’s government is increasingly turning to “debt replacement” loans, expecting approval for USD 550 mln this year to replace existing debt, among other uses. The country has already approved loans amounting to USD 2.37 bln during 2018-2022 from international financial organizations, including some for pandemic relief. Around USD 1.2 bln was intended as “budget support,” replacing government securities, line with public credit operations, or restructure the liability landscape.