El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
January 28, 2022
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The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
Subject: Balance of payments, Central banks, Currencies, International organization, International reserves, Monetary policy, Money, Public debt, Remittances, Technology, Virtual currencies
Keywords: anti-smuggling plan, authorities of El Salvador, authorities' estimate, Caribbean, Central America, Currencies, El Salvador's authorities, Global, government finance statistics manual, International reserves, Remittances, Salvadorian authorities, Virtual currencies
Pages:
114
Volume:
2022
DOI:
Issue:
020
Series:
Country Report No. 2022/020
Stock No:
1SLVEA2022001
ISBN:
9798400200151
ISSN:
1934-7685
