Fitch Ratings, in February, and S&P Global RatingsIn April of this year, the ability of the national economy to overcome adverse contexts and the improvement in tax collection prevailed, which last year amounted to 12.1 percent compared to the previous year. gross domestic product (GDP).
Also, the moderate level of public debt relative to GDP. Ratings given to the nation confirmed Millicom International Cellular, which recently announced an investment of US$1 billion over the next five years, The Ministry of Economy (Menico). During the current government, the views of the above cases and international monetary entities have been on the rise.
What will come
Moody’s is expected to publish its rating in the coming months. In the current administration, “the most important international risk rating agencies have improved the assessment. This is conclusive evidence that the measures implemented by the executive branch have strengthened the country’s overall economy,” the Presidency’s Minister of Social Communication said on his social networks.
On the other hand, the technical task of International Monetary Fund (IMF) who visited the country between February 28 and March 13, as part of the Article IV consultation, made a preliminary statement in similar terms to the two institutions mentioned above.
He said, for example, that the Guatemalan economy continued to show resilience, that macroeconomic and financial stability had been maintained despite the unfavorable global context, that the debt-to-GDP ratio was low, and that efforts to strengthen tax administration were bearing fruit . , among other reviews.
