{
  "title": "El Salvador: Staff Report-Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for El Salvador",
  "publication": "IMF Staff Country Reports, April 16, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/04/16/el-salvador-staff-report-request-for-purchase-under-the-rapid-financing-instrument-press-49333",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2020/04/16/el-salvador-staff-report-request-for-purchase-under-the-rapid-financing-instrument-press-49333",
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  "summary": "This paper discusses El Salvador’s IMF Staff report on Request for Purchase Under the Rapid Financing Instrument (RCI). This assistance is expected to help El Salvador direct funds swiftly to the country’s most affected sectors, including the healthcare system.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This paper discusses El Salvador’s IMF Staff report on Request for Purchase Under the Rapid Financing Instrument (RCI).\n- The RCI assistance is expected to help El Salvador direct funds swiftly to the country’s most affected sectors, including the healthcare system.\n- The IMF continues to closely monitor El Salvador’s situation and stands ready to provide policy advice and further support as needed."
    },
    {
      "heading": "Public health and containment measures",
      "content": "- El Salvador has adopted strict measures to prevent and contain the pandemic since early February—even before the first case was diagnosed.\n- Measures implemented include:\n  - travel restrictions,\n  - mandatory quarantine for exposed citizens,\n  - suspension of nonessential public and private sector operations,\n  - a nationwide shelter-in-place order."
    },
    {
      "heading": "Emergency economic measures and social support",
      "content": "- The authorities’ emergency response comprises measures to mitigate the economic impact of the pandemic on the population, including:\n  - targeted cash transfers to vulnerable households,\n  - tax relief in the most affected economic sectors."
    },
    {
      "heading": "Role and expected impact of IMF financing",
      "content": "- IMF financing will help preserve fiscal space.\n- IMF financing is expected to catalyze significant funding from other multilateral institutions.\n- The IMF stands ready to provide policy advice and further support as needed.\n\n---\n\n Content in this bundle\n\n- 1slvea2020002\n  - 1slvea2020002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1slvea2020002 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 16, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513540672.002",
    "This paper discusses El Salvador’s IMF Staff report on Request for Purchase Under the Rapid Financing Instrument (RCI).",
    "The RCI assistance is expected to help El Salvador direct funds swiftly to the country’s most affected sectors, including the healthcare system.",
    "The IMF continues to closely monitor El Salvador’s situation and stands ready to provide policy advice and further support as needed.",
    "El Salvador has adopted strict measures to prevent and contain the pandemic since early February—even before the first case was diagnosed.",
    "Measures implemented include:",
    "The authorities’ emergency response comprises measures to mitigate the economic impact of the pandemic on the population, including:",
    "IMF financing will help preserve fiscal space.",
    "IMF financing is expected to catalyze significant funding from other multilateral institutions.",
    "The IMF stands ready to provide policy advice and further support as needed.",
    "**1slvea2020002**"
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