El Salvador: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

February 3, 2009

Preview Citation

Format: Chicago

El Salvador: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

El Salvador’s 2008 Article IV Consultation examines the country's economic developments and policies. In 2007, the fiscal position improved, the public debt-to-GDP ratio declined, and economic growth reached its highest level in a decade. The rise in global commodity prices has also generated substantial inflation pressures. The stock of bank deposits has stagnated relative to end-2007, while deposit rates have increased slightly. Interbank repo rates have also risen recently, reflecting tighter funding conditions, and banks have increased their external borrowing, in part to build up liquidity.

Subject: Economic sectors, Energy subsidies, Expenditure, External debt, Public debt, Public sector, Revenue administration

Keywords: Broad money, CR, Energy subsidies, Financial market development, Fiscal policy, Global, Government, Headline inflation, IDB loan, Interest rate, ISCR, Policy priority, Public sector, U.S. dollar

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/035
Stock No:

1SLVEA2009001
ISBN:

9781451834789
ISSN:

1934-7685

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