El Salvador : Selected Issues
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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 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 evident 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. 16/209
Subject:
Bank credit Banking sector Economic growth El Salvador External borrowing Fiscal policy Inward remittances Migration Pensions Private sector Selected Issues Papers
English
Publication Date:
July 1, 2016
ISBN/ISSN:
9781498342346/1934-7685
Stock No:
1SLVEA2016002
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
84
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