El Salvador: Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release

April 19, 2011

Preview Citation

Format: Chicago

El Salvador: Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release, (USA: International Monetary Fund, 2011) accessed December 26, 2024

Summary

The development of macroeconomic performance in El Salvador in the second half of 2010 was broadly positive, but economic activity remains subdued. The medium-term economic outlook has been revised to incorporate changes to the external environment since the first program review. The economic program for 2011 will adhere to the fiscal consolidation path envisaged in the Stand-By Arrangement (SBA). Higher tax revenue will be critical for attaining the fiscal target. Placing the public debt-to-GDP ratio on a downward path and increasing social spending on a sustained basis remain the key priorities.

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

Keywords: Central bank, Country's quota, CR, Financial crisis, Global, Integration of the supervisory agency, International reserves, ISCR, Liquid asset, Public finance, Public sector, Salvadoran economy, Team request

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/090
Stock No:

1SLVEA2011001
ISBN:

9781455229123
ISSN:

1934-7685

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