Statement by the IMF Staff Representative

International Monetary Fund

doi:10.5089/9781451834758.002.A002

El Salvador : Staff Report for the 2004 Article IV Consultation

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Volume/Issue:: 2005/271
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: August 2005
DOI:: http://dx.doi.org/10.5089/9781451834758.002
ISBN:: 9781451834758
ISSN:: 1934-7685
Page:: 62

This 2004 Article IV Consultation highlights that economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties. Real GDP growth is estimated at about 11/2 percent in 2004 while inflation picked up to more than 5 percent, owing to higher oil prices. The public sector deficit is expected to decline to 3 percent of GDP in 2004. Executive Directors have praised El Salvador's long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.

El Salvador: 2004 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

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Statement by the IMF Staff Representative

Author(s):: International Monetary Fund
Published Date:: August 2005

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El Salvador : Staff Report for the 2004 Article IV Consultation

Statement by the IMF Staff Representative

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