El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

January 28, 2022

Preview Citation

Format: Chicago

El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.

Subject: Balance of payments, Central banks, Currencies, International organization, International reserves, Monetary policy, Money, Public debt, Remittances, Technology, Virtual currencies

Keywords: Anti-smuggling plan, Authorities' estimate, Authorities of El Salvador, Caribbean, Central America, Currencies, El Salvador's authorities, Global, Government finance statistics manual, International reserves, Remittances, Salvadorian authorities, Virtual currencies

Publication Details

Pages:

114
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/020
Stock No:

1SLVEA2022001
ISBN:

9798400200151
ISSN:

1934-7685

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