El Salvador: Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release

International Monetary Fund

No 2011/090, IMF Staff Country Reports from International Monetary Fund

Abstract: The development of macroeconomic performance in El Salvador in the second half of 2010 was broadly positive, but economic activity remains subdued. The medium-term economic outlook has been revised to incorporate changes to the external environment since the first program review. The economic program for 2011 will adhere to the fiscal consolidation path envisaged in the Stand-By Arrangement (SBA). Higher tax revenue will be critical for attaining the fiscal target. Placing the public debt-to-GDP ratio on a downward path and increasing social spending on a sustained basis remain the key priorities.

Keywords: ISCR; CR; Salvadoran economy; central bank; integration of the supervisory agency; country's quota; financial crisis; team request; public finance; liquid asset; Public sector; International reserves; Global (search for similar items in EconPapers)
Pages: 60
Date: 2011-04-19
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24797 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/090

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().