El Salvador : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

August 9, 2005

Electronic Access:

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Summary:

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 1½ 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.

Series:

Country Report No. 05/271

Subject:

English

Publication Date:

August 9, 2005

ISBN/ISSN:

9781451834758/1934-7685

Stock No:

1SLVEA2005003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

62

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