El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
IMF Staff Country Reports, January 28, 2022
Source details
- Canonical URL
- El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
Other formats
Bibliographic details
- Published: January 28, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400200151.002
Macroeconomic context and recovery
- The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly.
- Drivers supporting a strong recovery:
- Robust external demand.
- Resilient remittances.
- Sound management of the pandemic, including a disbursement under the Rapid Financing Instrument (RFI) of SDR287.2 million or US$389 million approved in April 2020.
Fiscal outlook and risks
- Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
- Key subjects highlighted in the report include: Balance of payments, Central banks, Currencies, International organization, International reserves, Monetary policy, Money, Public debt, Remittances, Technology, Virtual currencies.
Publication and document specifics
- Publication date: January 28, 2022
- Pages: 114
- Volume: 2022
- Issue: 020
- Series: Country Report No. 2022/020
- Stock No: 1SLVEA2022001
- DOI: https://doi.org/10.5089/9798400200151.002
- ISBN: 9798400200151
- ISSN: 1934-7685
International Monetary Fund. Western Hemisphere Dept. "El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador", IMF Staff Country Reports 2022, 020 (2022).
Content in this bundle
- 1slvea2022001