El Salvador: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/271, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties. Real GDP growth is estimated at about 1½ percent in 2004 while inflation picked up to more than 5 percent, owing to higher oil prices. The public sector deficit is expected to decline to 3 percent of GDP in 2004. Executive Directors have praised El Salvador’s long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.

Keywords: ISCR; CR; staff appraisal; deficit; public sector deficit; Net international reserves; authority; preliminary data; dollarization regime; Public sector; International reserves; Current account balance; Central America; East Asia; Global (search for similar items in EconPapers)
Pages: 62
Date: 2005-08-09
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