Towards Better Expenditure Quality : Guatemala Public Expenditure Review
Guatemala has made tremendous strides in moving toward democracy and building institutions after a prolonged civil war, much remains to be done in generating the foundations for strong broad-based economic growth. As Guatemala enters its fifth pres...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/05/17817212/towards-better-expenditure-quality-guatemala-public-expenditure-review http://hdl.handle.net/10986/16085 |
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okr-10986-160852021-04-23T14:03:22Z Towards Better Expenditure Quality : Guatemala Public Expenditure Review World Bank ACCESS TO FINANCE DEMOCRACY ECONOMIC GROWTH EDUCATION GOVERNANCE HEALTH INDIGENOUS COMMUNITIES POVERTY SECURITY SOCIAL PARTICIPATION TRANSPARENCY WOMEN'S RIGHTS Guatemala has made tremendous strides in moving toward democracy and building institutions after a prolonged civil war, much remains to be done in generating the foundations for strong broad-based economic growth. As Guatemala enters its fifth presidential cycle since the 1996 Peace Accords, the newly elected administration faces tremendous economic challenges. Efforts during the previous administration to directly address poverty and improve education and health outcomes, particularly in the indigenous and rural areas, were intense, with tentative signs of success. The signing of the Peace Accords in 1996, following a protracted negotiations process, marked a turning point in Guatemala's development path. Three cross-cutting themes were emphasized through the Accords: 1) the rights of indigenous communities; 2) commitments regarding the rights and position of women, and 3) a strengthening of social participation. However, Guatemala's institutional environment continues to complicate the cooperation of political actors over time and thus the inter-temporal bargains required to agree upon and sustain structural reforms. Over the past two decades, economic growth has been relatively stable but weak. Since 1990, real Gross Domestic Product (GDP) growth per capita in Guatemala has averaged about 1.2 percent, about three-quarters of a percentage point less than the rest of Latin America and the Caribbean and significantly less than other middle-income countries. Financial sector legal and regulatory reforms implemented since 2000 have improved banks' solvency and resilience to market volatility, but lack of access to finance remains a major issue for the financial sector. To accelerate broad-based growth, Guatemala will need to improve the investment climate for business, increase educational attainment and make progress on governance, transparency and security. 2013-10-03T21:03:23Z 2013-10-03T21:03:23Z 2013-05 http://documents.worldbank.org/curated/en/2013/05/17817212/towards-better-expenditure-quality-guatemala-public-expenditure-review http://hdl.handle.net/10986/16085 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Latin America & Caribbean Guatemala |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCE DEMOCRACY ECONOMIC GROWTH EDUCATION GOVERNANCE HEALTH INDIGENOUS COMMUNITIES POVERTY SECURITY SOCIAL PARTICIPATION TRANSPARENCY WOMEN'S RIGHTS |
| spellingShingle |
ACCESS TO FINANCE DEMOCRACY ECONOMIC GROWTH EDUCATION GOVERNANCE HEALTH INDIGENOUS COMMUNITIES POVERTY SECURITY SOCIAL PARTICIPATION TRANSPARENCY WOMEN'S RIGHTS World Bank Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| geographic_facet |
Latin America & Caribbean Guatemala |
| description |
Guatemala has made tremendous strides in
moving toward democracy and building institutions after a
prolonged civil war, much remains to be done in generating
the foundations for strong broad-based economic growth. As
Guatemala enters its fifth presidential cycle since the 1996
Peace Accords, the newly elected administration faces
tremendous economic challenges. Efforts during the previous
administration to directly address poverty and improve
education and health outcomes, particularly in the
indigenous and rural areas, were intense, with tentative
signs of success. The signing of the Peace Accords in 1996,
following a protracted negotiations process, marked a
turning point in Guatemala's development path. Three
cross-cutting themes were emphasized through the Accords: 1)
the rights of indigenous communities; 2) commitments
regarding the rights and position of women, and 3) a
strengthening of social participation. However,
Guatemala's institutional environment continues to
complicate the cooperation of political actors over time and
thus the inter-temporal bargains required to agree upon and
sustain structural reforms. Over the past two decades,
economic growth has been relatively stable but weak. Since
1990, real Gross Domestic Product (GDP) growth per capita in
Guatemala has averaged about 1.2 percent, about
three-quarters of a percentage point less than the rest of
Latin America and the Caribbean and significantly less than
other middle-income countries. Financial sector legal and
regulatory reforms implemented since 2000 have improved
banks' solvency and resilience to market volatility,
but lack of access to finance remains a major issue for the
financial sector. To accelerate broad-based growth,
Guatemala will need to improve the investment climate for
business, increase educational attainment and make progress
on governance, transparency and security. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| title_short |
Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| title_full |
Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| title_fullStr |
Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| title_full_unstemmed |
Towards Better Expenditure Quality : Guatemala Public Expenditure Review |
| title_sort |
towards better expenditure quality : guatemala public expenditure review |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/05/17817212/towards-better-expenditure-quality-guatemala-public-expenditure-review http://hdl.handle.net/10986/16085 |
| _version_ |
1764431290886520832 |