Central America: Global Integration and Regional Cooperation

Markus Rodlauer and Alfred Schipke

No 2005/005, IMF Occasional Papers from International Monetary Fund

Abstract: Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.

Keywords: OP; Central American country; country; bank; exchange rate; debt-to-GDP; tariff; exchange rate regime; policy reform; Primer Banco del Istmo; definitions in El Salvador; Exchange rate arrangements; Imports; Tariffs; Central America; Europe; North America; Caribbean (search for similar items in EconPapers)
Pages: 146
Date: 2005-07-14
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=18160 (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:imfops:2005/005

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 Occasional Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().