Central America: Global Integration and Regional Cooperation

July 14, 2005

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Format: Chicago

Markus Rodlauer, and Alfred Schipke. Central America: Global Integration and Regional Cooperation, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.

Subject: Exchange rate arrangements, Foreign exchange, Imports, International trade, Public debt, Revenue administration, Tariffs, Taxes

Keywords: Bank, Caribbean, Central America, Central American country, Country, Debt-to-GDP, Definitions in El Salvador, Europe, Exchange rate, Exchange rate arrangements, Exchange rate regime, Imports, North America, OP, Policy reform, Primer Banco del Istmo, Tariff, Tariffs

Publication Details

Pages:

146
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2005/005
Stock No:

S243EA
ISBN:

9781589064461
ISSN:

0251-6365

Notes

See Also: Video Presentation English and Spanish

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