El Salvador: 2010 Article IV Consultation and First Review Under the Stand-By Arrangement: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

October 13, 2010

Preview Citation

Format: Chicago

El Salvador: 2010 Article IV Consultation and First Review Under the Stand-By Arrangement: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for El Salvador, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

The Salvadoran economy was severely affected by the global economic slowdown. Further strengthening the economy’s growth prospects and reducing poverty will depend on a durable fiscal consolidation effort and improvements in the investment climate through continued commitment to macroeconomic and financial stability. A recent IMF/World Bank Financial System Stability Assessment (FSSA) confirmed that the Salvadoran financial system withstood the global financial crisis well and was well capitalized and liquid. The FSSA recommended enhancements to the legal and regulatory frameworks as well as measures to reduce some remaining vulnerabilities.

Subject: Commercial banks, Economic sectors, External debt, Financial institutions, Financial regulation and supervision, Public debt, Public sector

Keywords: Authorities' strategy, Central America, Commercial banks, CR, Deficit, Executive board discussion, Global, Government, Government plan, Government program, Growth prospect, ISCR, Public sector, Strategy

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/307
Stock No:

1SLVEA2010003
ISBN:

9781455208678
ISSN:

1934-7685

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