Guatemala

                          Country Partnership Framework FY17-20

                                       Chair Summary*

                                      November 17, 2016

Executive Directors discussed the joint IBRD/IFC/MIGA Country Partnership Framework (CPF)
for Guatemala for FY17 to FY20.

Directors noted the challenges the country faces as outlined in the Systematic Country
Diagnostic and acknowledged the need for selectivity in the World Bank Group (WBG)
program. Directors welcomed the focus of the CPF on fostering inclusion of vulnerable groups,
and addressing bottlenecks to sustainable growth.

Directors expressed support for the Government’s focus on malnutrition while underscoring the
need to continue strengthening governance, fighting corruption and addressing other institutional
weaknesses. They felt this was necessary to increase much needed tax revenues. They welcomed
the measures in the CPF to improve basic health, nutrition, water and sanitation services with an
emphasis on poor and indigenous groups, and a particular focus on women and youth. Directors
welcomed the gender focus of the CPF, and highlighted the importance of activities under the
first Pillar aimed at improving the health of women.

Directors urged strong collaboration between IBRD and IFC and welcomed the complementary
package of instruments bringing together technical assistance and financial solutions to support
the Government advance the agenda on malnutrition and governance. They underscored the need
to expand infrastructure, agri-business, investments in energy, improve social monitoring and
build institutional capacity for resilience to climate change including disaster risk management.

Directors recognized that there are substantial risks and achieving results would be difficult. In
this regard, they encouraged the Bank to continue to explore actions to mitigate and offset the
existing risks. They stressed the importance of deepening regional integration and South-South
cooperation.

Finally, Directors encouraged scaling up IFC interventions and pursuing opportunities for
MIGA’s engagement, and enhancing the coordination with other development partners in
Guatemala.




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* This summary is not an approved record