El Salvador: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador
March 14, 2008
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In 2007, imports of consumer, intermediate, and capital goods grew at annual rates slightly exceeding 10 percent. Export growth lagged behind that of imports, as buoyant nontraditional exports, rising at a 16 percent annual rate, were offset by stagnant exports of the maquila sector. In particular, the discussions centered on (i) spillovers from the United States to El Salvador and the associated risks; (ii) the short-term fiscal stance and its consistency with medium-term fiscal objectives; and (iii) the internationalization of the Salvadoran banking system.
Subject: Commercial banks, Economic sectors, External debt, Financial institutions, Public debt, Public sector, Revenue administration
Keywords: banking systems profitability, Central America, Commercial banks, CR, deficit, economy, El Salvador's authorities, Global, IMF staff estimate, ISCR, Public sector, reform, reform leader, sound investment environment
Pages:
38
Volume:
2008
DOI:
Issue:
101
Series:
Country Report No. 2008/101
Stock No:
1SLVEA2008001
ISBN:
9781451834772
ISSN:
1934-7685
