IMF Staff Country Reports

El Salvador: Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release

Publication Date:

April 19, 2011

Electronic Access:

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Summary:

The development of macroeconomic performance in El Salvador in the second half of 2010 was broadly positive, but economic activity remains subdued. The medium-term economic outlook has been revised to incorporate changes to the external environment since the first program review. The economic program for 2011 will adhere to the fiscal consolidation path envisaged in the Stand-By Arrangement (SBA). Higher tax revenue will be critical for attaining the fiscal target. Placing the public debt-to-GDP ratio on a downward path and increasing social spending on a sustained basis remain the key priorities.

Series:

Country Report No. 2011/090

Subject:

Central banks Economic sectors External debt International reserves Public debt Public sector Revenue administration