Bank of Guatemala
in Central America
Thursday, April 26, 2012
The Monetary Board of the Bank of Guatemala has taken the decision based on comprehensive analysis of the foreign and domestic situation.
A statement from the Bank of Guatemala reads:
THE MONETARY BOARD HOLDS LEADING MONETARY POLICY INTEREST RATE AT 5.50%
Tuesday, April 17, 2012
In 2011, Foreign Direct Investment (FDI) reached $910.8 million, an increase of 13% compared to 2010.
According to the Bank of Guatemala (Banguat), FDI in 2010 amounted to $805.8 million.
The bank expects that by 2012 foreign direct investment will exceed $900 million.
Thursday, April 12, 2012
The total value of Chinese products entering the country could be triple that amount, due to triangulation in global trade.
Guatemala imported goods from the People's Republic of China (PRC) worth $1.14 billion in 2011, reported the Bank of Guatemala (Banguat).
Wednesday, April 11, 2012
In 2011 remittances grew by 5% compared to 2010; so far 2012 the amounts have already exceed those from the same period in 2009, making up 10%-11% of Guatemala's GDP.
In 2011, remittances to Guatemala exceeded the record highs of 2007 and 2008, before the global crisis.
Tuesday, March 27, 2012
During 2011 operations on the National Stock Exchange (BNV In Spanish) grew by 65% compared to the previous year, with participation from all sectors: government debt, corporate bonds and repos.
The general manager of the BVN, Rolando San Román, said trading volumes denote a significant increase in all markets, from corporate to government debt or repurchase and resale agreements (repos).
Wednesday, March 7, 2012
With the receipt of $655 million in January and February, the level of remittances from the United States now exceeds the level recorded in the first two months of 2008.
The Bank of Guatemala (Banguat) reported that between January and February this year they received $655.4 million in remittances, an increase of 11.4% on the $587.9 million recorded in the same period in 2011 and 3.5% more than the $632.9 million recorded in the first two months of 2008, at the very beginning of the global crisis, according to an article on Elperiodico.com.gt.
Friday, March 2, 2012
The annual publication by the Bank of Guatemala contains statistical information compiled from various sources, including general indicators of real, external, monetary, financial and fiscal sectors.
Presentation of the document:
The Bank of Guatemala’s mission is to promote stability in the general price level in the country. In order to fulfil its primary objective, the institution requires a wide range of resources, among which is statistical information.
Tuesday, February 28, 2012
In Guatemala shipments abroad rose 9% in 2011, bringing revenues of $30.5 million, $3.4 million more than last year.
The Committee of Ornamental Plants, Foliage and Flowers of the Guatemalan Association of Exporters (Agexport) reported that up to December 2011 the sector's exports increased by 3% to Europe and the United States and 6% to Central America, and in total recorded 9% growth compared to 2010.
Monday, February 20, 2012
Central America and the Dominican Republic have agreed together to ensure financial liquidity, create mechanisms for monitoring risk management and financial systems, as well as taking measures against the effects of the euro zone crisis and the weakness of U.S.
Carlos Acevedo, president of the Central Reserve Bank of El Salvador, told Prensalibre.com that "we are preparing a regional financial system and shielding mechanisms."
Thursday, February 16, 2012
The Monetary Board has maintained the leading interest rate for monetary policy at 5.5%.
At its meeting held on February 15th , 2012, the Monetary Board decided unanimously to maintain the level of the monetary policy leading interest rate at 5.50%, based on a comprehensive analysis of economic and financial events, internally and externally, after having been informed about the Inflation Risks Balance, as well as the results of the first implementation in 2012 of the semi-structural Macroeconomic Model and the orientation of the indicative variables of monetary policy, according to a press release by Banguat.
Monday, February 13, 2012
Guatemala received $10.46 billion in foreign exchange through exports in 2011, 23.6% more than last year.
Guatemala exports totaled $10.463 billion, some $2 billion more than in 2010, reported the Bank of Guatemala.
"According to statistics released on its website by the Bank of Guatemala (central), foreign exchange earnings last year were 23.6% higher than those of 2010", reports Prensa.com.
Wednesday, February 8, 2012
Employers in the construction industry forecast a 4% growth in 2012
The Chamber of Construction in Guatemala noted that this year they expect industry growth of 4%, the beginning of the revival of that sector.
The president of the Chamber of Construction, Jorge Montenegro, recognizes that the market after a slump of several years, is finally seeing an improvement. "Something that has helped is that remittances are growing and one of their main uses is to build housing," said the business leader according to Siglo21.com.gt.
Thursday, February 2, 2012
This is the maximum amount allowed by law and the first issue will be on February 13th .
Guatemala's government plans to place up to Q 2,500 million ($ 320.1 million) in treasury bills in 2012, announced the Ministry of Public Finance (Minfin). The first release will take place on February 13th .
Friday, January 13, 2012
The industry ranks as the number one generator of foreign exchange with $1,130 million exported in 2011, displacing coffee, according to official data.
Guatemalan clothing and textile exports reached $1,130 million between January and November 2011, which slightly exceeds the revenue generated by coffee, which amounted to $1,110 million in the same period, reported the Bank of Guatemala (Banguat).
Friday, January 6, 2012
Remittances received in 2011 exceeded shipments in recent three years.
According to information from Banco de Guatemala at the end of the year, reported $4,378 million, a 6.1% higher than the $ 4,100 million received in 2010.
español
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