El Salvador: Request for a Stand-By Arrangement and Cancellation of Current Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

March 29, 2010

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Format: Chicago

El Salvador: Request for a Stand-By Arrangement and Cancellation of Current Arrangement: Staff Report; 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

This paper discusses El Salvador’s Request for a Stand-By Arrangement and cancellation of the current arrangement. The program seeks to preserve financial stability, safeguard the economic recovery, and strengthen the medium-term fiscal position. Fiscal policy will aim at offsetting the impact of the adverse external environment on domestic activity and the most vulnerable while ensuring debt sustainability over the medium term. IMF financial support would have a catalytic role for official creditors and private investors. It would also provide a liquidity buffer to help absorb any potential shocks to the financial system.

Subject: Economic sectors, Expenditure, External debt, International reserves, Public debt, Public sector, Revenue administration

Keywords: Authority, Authority of the audit department, Cancellation of the Stand-By Arrangement, CR, Deficit, Dollarized financial system, Fund program, Global, Government operation, Government program, ISCR, Modernization strategy, Program, Public sector

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/082
Stock No:

1SLVEA2010001
ISBN:

9781455202607
ISSN:

1934-7685

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