El Salvador; Third Review under the stand-by arrangement : Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director.

Publication Date: October 12, 2011
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Summary: The IMF staff report for the third review under the Stand-By arrangement with the officials of El Salvador on economic developments and policies. Developments from the second review are outlined. Discussions on the policy adjustments needed to keep the key objectives of the program for 2011 and 2012 have been explained. Revenue administration, treasury single account (TSA), medium-term expenditure framework (MTEF), and budget reforms are used to strengthen the fiscal consolidation strategy. Lender-of-last-resort (LOLR) facility has been set up to improve liquidity defenses.
Series: Country Report No. 11/306
Subject(s): Bank supervision | Budget deficits | Economic indicators | Financial sector | Fiscal consolidation | Fiscal reforms | Staff Reports | Stand-by arrangement reviews

Publication Date: October 12, 2011
ISBN/ISSN: 9781463922030/1934-7685 Format: Paper
Stock No: 1SLVEA2011003 Pages: 36
US$18.00 (Academic Rate:
US$18.00 )
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