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GT Fiscal and Institutional DPL

Abstract*

Guatemala has made considerable development progress since the signing of the peace accords in 1996. Particularly, improvements have been made in consolidating peace and building democratic institutions. The process of consolidating democratic institutions was strengthened most recently with the peaceful transition to the new government of Alvaro Colom of the Union Nacional de la Esperanza (UNE) party in January 2008, following the administration...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Key Program Development Objectives are: (1) Meeting fiscal and financial needs during a year of economic slowdown. This proposed loan would help meet the Government#s objective of obtaining stable and low cost financing as well as diversifying financing sources for its 2009 budget. This supports the Government#s concurrent goals of maintaining fiscal stability and addressing social needs through increased and more efficient spending. (2) Improving the outlook for economic growth, enhanced fiscal space for priority spending, governance, and poverty reduction. The loan supports a broad agenda of measures anchored in Guatemala#s efforts to increase fiscal resources for priority social spending to increase growth and reduce poverty, enhance governance and transparency as well as reduce financial sector market risk. The agenda includes key actions of fiscal and institutional reforms to ensure that Guatemala can fully benefit from growth and the opportunities deriving from greater integration into the regional and world economy. (3) Increasing the efficiency and transparency of public sector management. The public sector modernization efforts supported by the loan are expected to improve the efficiency of public expenditures, strengthen governance and fight corruption with a specific focus on government procurement and financial management. Efforts in these areas are also expected to foster an environment more conducive to investment and growth.

Key Details

Project Details

  • P112312

  • Closed

  • David Michael Gould

  • N/A

  • Guatemala

  • October 24, 2008

  • (as of board presentation)

    October 21, 2008

  • March 17, 2009

  • US$ 200.00 million

  • N/A

  • Not Applicable

  • December 31, 2009

  • BANK APPROVED

  • August 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 200.00
IDA Commitment N/A
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2024 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2013 IBRD-75900 Int Charges 4,180,000.00
Nov 15, 2023 IBRD-75900 Int Charges 2,669,348.00
Nov 15, 2023 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2024 IBRD-75900 Int Charges 2,553,144.00
May 15, 2022 IBRD-75900 Int Charges 3,017,960.00
May 15, 2022 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2022 IBRD-75900 Int Charges 2,901,756.00
Nov 15, 2022 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2023 IBRD-75900 Int Charges 2,785,552.00
May 15, 2023 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2021 IBRD-75900 Int Charges 3,250,368.00
May 15, 2021 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2020 IBRD-75900 Int Charges 3,366,572.00
Nov 15, 2020 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2021 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2021 IBRD-75900 Int Charges 3,134,164.00
Nov 15, 2019 IBRD-75900 Int Charges 3,598,980.00
Nov 15, 2019 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2020 IBRD-75900 Int Charges 3,482,776.00
May 15, 2020 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2018 IBRD-75900 Int Charges 3,831,388.00
Nov 15, 2018 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2018 IBRD-75900 Int Charges 3,947,592.00
May 15, 2018 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2019 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2019 IBRD-75900 Int Charges 3,715,184.00
Nov 15, 2016 IBRD-75900 Int Charges 4,180,000.00
May 15, 2017 IBRD-75900 Int Charges 4,180,000.00
May 15, 2017 IBRD-75900 Loan Repay 5,560,000.00
Nov 15, 2017 IBRD-75900 Int Charges 4,063,796.00
Nov 15, 2017 IBRD-75900 Loan Repay 5,560,000.00
May 15, 2016 IBRD-75900 Int Charges 4,180,000.00
May 15, 2015 IBRD-75900 Int Charges 4,180,000.00
Nov 15, 2015 IBRD-75900 Int Charges 4,180,000.00
May 15, 2014 IBRD-75900 Int Charges 4,180,000.00
Nov 15, 2014 IBRD-75900 Int Charges 4,180,000.00
Oct 21, 2008 IBRD-75900 Loan Commitment 200,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Moderately Satisfactory 2008-12-29
Progress towards achievement of PDO Moderately Satisfactory 2008-12-29
Program Management Moderately Satisfactory 2008-12-29

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2011
OutcomesModerately Satisfactory
Risk to Development OutcomeSubstantial
Bank PerformanceSubstantial
Borrower PerformanceModerately Satisfactory
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 10-28-2011PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeSignificantN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencyModerately SatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualitySubstantialN/a

Results Framework

No data available.