El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

International Monetary Fund

No 2022/020, IMF Staff Country Reports from International Monetary Fund

Abstract: The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.

Keywords: Salvadorian authorities; authorities of El Salvador; anti-smuggling plan; government finance statistics manual; El Salvador's authorities; authorities' estimate; Virtual currencies; International reserves; Currencies; Remittances; Central America; Caribbean; Global (search for similar items in EconPapers)
Pages: 114
Date: 2022-01-28
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