El Salvador: Recent Economic Developments

International Monetary Fund

No 1994/010, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in El Salvador during the 1990s. Since 1990, the government has implemented a major economic reform program, including through a greater reliance on market forces. Although risks remain, financial imbalances have been reduced, economic growth has resumed, and inflation has declined. The government also is modernizing the structure of the public sector, including a reform of public expenditure management. The restructuring of the public finances aims to increase public savings, reorient public expenditure toward increased peace-related expenditure, and increase efficiency in delivering services.

Keywords: ISCR; CR; government; enterprise; private sector; development objective; government share; rate of inflation; budget authorities; income support; Tariffs; Public sector; Central America (search for similar items in EconPapers)
Pages: 105
Date: 1994-03-15
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