El Salvador : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

May 23, 2019

Electronic Access:

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Summary:

Structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth. Surging remittances pushed real GDP growth above potential in 2018, adding to tax revenues and raising the primary fiscal surplus to about 1 percent of GDP. Nevertheless, public debt at about 70 percent of GDP is high, expensive to roll over, and leaves little room for funding new initiatives unless structural measures are implemented. It remains the main vulnerability of the economy.

Series:

Country Report No. 19/143

Subject:

English

Publication Date:

May 23, 2019

ISBN/ISSN:

9781498316972/1934-7685

Stock No:

1SLVEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

68

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