On March 20, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2023 Article IV of El Salvador.
Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.
The authorities have not consented to publication of the staff report and the related press release.
The last Article IV Executive Board Consultation was on March 20, 2023. Listed below are items related to El Salvador.
At a Glance
- 2023 Projected Real GDP (% Change) : 2.4
- 2023 Projected Consumer Prices (% Change): 4.1
- Country Population: 6.359 million
- Date of Membership: March 14, 1946
- Article IV/Country Report: January 28, 2022
- Outstanding Purchases and Loans (SDR): 287.2 million (June 30, 2023)
- Special Drawing Rights (SDR): 156.6 million
- Quota (SDR): 287.2 million
- Number of Arrangements since membership: 22