Occasional Papers

Central America: Global Integration and Regional Cooperation

By Markus Rodlauer, Alfred Schipke

July 14, 2005

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Markus Rodlauer, and Alfred Schipke. Central America: Global Integration and Regional Cooperation, (USA: International Monetary Fund, 2005) accessed October 7, 2024

Summary

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.

Subject: Exchange rate arrangements, Foreign exchange, Imports, International trade, Public debt, Revenue administration, Tariffs, Taxes

Keywords: Bank, Caribbean, Central America, Central American country, Country, Debt-to-GDP, Definitions in El Salvador, Europe, Exchange rate, Exchange rate arrangements, Exchange rate regime, Imports, North America, OP, Policy reform, Primer Banco del Istmo, Tariff, Tariffs

Publication Details

  • Pages:

    146

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 2005/005

  • Stock No:

    S243EA

  • ISBN:

    9781589064461

  • ISSN:

    0251-6365

Notes

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