EL Salvador : Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

Author/Editor:

International Monetary Fund

Publication Date:

September 30, 2010

Electronic Access:

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Summary:

The primary objective of the program was to prevent a crisis of confidence by signaling policy continuity and providing a liquidity buffer in case such shocks materialized. In addition, the program sought to preserve macroeconomic stability by focusing on sustaining fiscal prudence and financial sector reforms. IMF policy requires an ex post evaluation (EPE) of GRA-supported programs with exceptional access within a year after the end of the arrangement. Large provision of liquidity and effective use of IMF’s lending facilities can be effective in preventing a crisis.

Series:

Country Report No. 10/303

Subject:

English

Publication Date:

September 30, 2010

ISBN/ISSN:

9781455208661/1934-7685

Stock No:

1SLVEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

27

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