This study assesses the situation five years after the peace accords in Guatemala and asks: Have the peace accords been a success? In the most immediate sense, the answer is yes, since there has been no resumption of war. But, if we go further and examine the implementation of the substantive peace accords, the answer becomes less clear. Another question then arises: What does it take for a peace agreement to be implemented successfully? Using a conceptual framework of five factors expected to have relevance for the implementation of peace accords, this report analyses the current situation in Guatemala.