Book Synopsis El Salvador by :
Download or read book El Salvador written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis El Salvador by :
El Salvador Staff Report For The Article Iv Consultation
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Book Synopsis El Salvador by :
Book Synopsis El Salvador, Staff Report for the ... Article IV Consultation by :
Download or read book El Salvador, Staff Report for the ... Article IV Consultation written by and published by . This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.4/5 (2 download)
Book Synopsis El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador by : International Monetary
Download or read book El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador written by International Monetary and published by International Monetary Fund. This book was released on 2022-01-28 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498317006
Total Pages : 68 pages
Book Rating : 4.4/5 (983 download)
Book Synopsis El Salvador by : International Monetary Fund. Western Hemisphere Dept.
Download or read book El Salvador written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-05-23 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth. Surging remittances pushed real GDP growth above potential in 2018, adding to tax revenues and raising the primary fiscal surplus to about 1 percent of GDP. Nevertheless, public debt at about 70 percent of GDP is high, expensive to roll over, and leaves little room for funding new initiatives unless structural measures are implemented. It remains the main vulnerability of the economy.
Book Synopsis El Salvador by :
Download or read book El Salvador written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451834764
Total Pages : 58 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis El Salvador by : International Monetary Fund
Download or read book El Salvador written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-11-22 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: El Salvador has made major strides on several fronts since the peace accords of 1992. The near-term outlook has strengthened, although challenges remain. The authorities are intended to limit tax exemptions and subsidies, and raise priority of banking reforms this year. Discussions focused on policies to enhance growth and social progress within the framework of formal dollarization. IMF staff supported plans to consolidate financial stability through steps to strengthen the prudential and supervisory framework, deepen intermediation, and improve the safety net.
Author : Markus Rodlauer
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (255 download)
Book Synopsis El Salvador: 2004 Article IV Consultation by : Markus Rodlauer
Download or read book El Salvador: 2004 Article IV Consultation written by Markus Rodlauer and published by . This book was released on 2005 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Markus Rodlauer
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (255 download)
Book Synopsis El Salvador by : Markus Rodlauer
Download or read book El Salvador written by Markus Rodlauer and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David J. Robinson
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (254 download)
Book Synopsis El Salvador: 2007 Article IV Consultation by : David J. Robinson
Download or read book El Salvador: 2007 Article IV Consultation written by David J. Robinson and published by . This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484376358
Total Pages : 64 pages
Book Rating : 4.4/5 (843 download)
Book Synopsis El Salvador by : International Monetary Fund. Western Hemisphere Dept.
Download or read book El Salvador written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-01-12 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Focus: The main themes centered on tackling macroeconomic vulnerabilities and improving the medium-term outlook by achieving an ambitious fiscal adjustment while protecting social spending, creating an environment for higher private sector-led growth, and building a robust financial sector. Main policy issues • A reduction in the fiscal deficit of 31⁄2 percent of GDP is needed over the next three years to place public debt on a sustainable path to maintain access to market financing on favorable terms. This adjustment should be accompanied by well- targeted social spending to protect the most vulnerable and continued progress in lessening inequality. • A broad strategy is also needed to reduce the growing imbalances in the pension system and restore its sustainability for future generations. In this regard, a broad- based dialog across all segments of Salvadoran society is needed to build support for a reform that should include an increase in the retirement age and introduce a progressive taxation of benefits. Steps are also needed to further strengthen public financial management to mitigate key fiscal risks, including by enhancing expenditure monitoring and control (to avoid future spending arrears) and recording contingent fiscal liabilities transparently in the fiscal accounts. • The authorities’ goal of raising potential growth to 3 percent while reducing inequality will require substantial supply-side measures to enhance productivity and competitiveness. These should aim to reduce red-tape, increase access to credit, upgrade infrastructure, provide access to and lower the cost of energy, and diversifying the economy. The FOMILENIO II grant from the U.S. provides a valuable opportunity to catalyze such growth-enhancing reforms. • Banking indicators appear sound, a product of prudent supervision and regulation. Nonetheless, there is scope to further strengthen the institutional underpinnings for financial stability by upgrading the legal framework for bank resolution and by creating an appropriate liquidity safety net for banks.
Author : International Monetary Fund
Publisher :
ISBN 13 : 9781283555463
Total Pages : 39 pages
Book Rating : 4.5/5 (554 download)
Book Synopsis El Salvador: 2007 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador by : International Monetary Fund
Download or read book El Salvador: 2007 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador written by International Monetary Fund and published by . This book was released on 2008-03-14 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484310020
Total Pages : 72 pages
Book Rating : 4.4/5 (843 download)
Book Synopsis El Salvador by : International Monetary Fund. Western Hemisphere Dept.
Download or read book El Salvador written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-05-22 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484359720
Total Pages : 73 pages
Book Rating : 4.4/5 (843 download)
Book Synopsis El Salvador by : International Monetary Fund. Western Hemisphere Dept.
Download or read book El Salvador written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-06-07 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2018 Article IV Consultation highlights that the real GDP of El Salvador grew above potential, at 2.3 percent in 2017, supported by lower oil prices, continued United States (U.S.) recovery, and a surge in remittances. However, El Salvador’s growth continues to lag regional peers. Inflation remained low at 1 percent, anchored by dollarization. In 2018–19, growth is expected to remain above potential at 2.3 percent, reflecting the temporary acceleration of the U.S. growth from the recent U.S. tax reform and higher grant-financed investment. The fiscal deficit would further fall to 2.2 percent of GDP in 2018, as savings from the pension reform kick in, but would rise to 2.7 percent of GDP in 2019.
Author :
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (858 download)
Book Synopsis El Salvador by :
Download or read book El Salvador written by and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451834758
Total Pages : 60 pages
Book Rating : 4.8/5 (347 download)
Book Synopsis El Salvador: 2004 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador by : International Monetary Fund
Download or read book El Salvador: 2004 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-08-09 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2004 Article IV Consultation highlights that economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties. Real GDP growth is estimated at about 11⁄2 percent in 2004 while inflation picked up to more than 5 percent, owing to higher oil prices. The public sector deficit is expected to decline to 3 percent of GDP in 2004. Executive Directors have praised El Salvador's long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1455208671
Total Pages : 78 pages
Book Rating : 4.4/5 (552 download)
Book Synopsis El Salvador by : International Monetary Fund
Download or read book El Salvador written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-13 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451834780
Total Pages : 45 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis El Salvador by : International Monetary Fund
Download or read book El Salvador written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-02-03 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: El Salvador’s 2008 Article IV Consultation examines the country's economic developments and policies. In 2007, the fiscal position improved, the public debt-to-GDP ratio declined, and economic growth reached its highest level in a decade. The rise in global commodity prices has also generated substantial inflation pressures. The stock of bank deposits has stagnated relative to end-2007, while deposit rates have increased slightly. Interbank repo rates have also risen recently, reflecting tighter funding conditions, and banks have increased their external borrowing, in part to build up liquidity.
