this strategy with guatemala covers the period from 2001 to 2003. since the mid-1990s guatemala has made considerable progress on a number of economic and social policy fronts, including a respectable average growth rate, inflationary trends under control, the signing of the peace agreements, and major strides toward consolidating democracy and advancing the national conciliation effort. the bank's strategy will support government efforts to tackle the challenges of sustainable economic growth by way of concrete initiatives, within the following three major focuses: (1) economic growth, stability, and competitiveness: support the country's moves to strengthen the public finances through effective fiscal pact implementation and financial sector reforms. (2) equity, social protection, and human capital development: continue with health and education sector reforms; strengthen the institutional framework of the housing sector, and support efforts to build local management capacity. (3)...