El Salvador : 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for El Salvador

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 1, 2016

Electronic Access:

Free Full Text (PDF file size is 1818 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper focuses on policies to raise growth; underpin fiscal sustainability while enhancing social safety nets; and strengthen financial sector stability, deepening, and inclusiveness. GDP growth has averaged 2 percent during 2000–14, well below the Central American regional average of 4½ percent. While the underlying causes of the low growth are complex, a key channel through which they are expressed appears to be low investment. Given the need to increase growth, revenue-raising measures should be accompanied by cuts in distortionary taxation. Stress tests suggest that financial buffers are adequate to contain most risks. The financial deepening and advancing financial inclusion could have a meaningful impact on both growth and poverty.

Series:

Country Report No. 16/208

Subject:

Notes:

Also Available in Spanish

English

Publication Date:

July 1, 2016

ISBN/ISSN:

9781498342223/1934-7685

Stock No:

1SLVEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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