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3 Public Expenditure and Governance

3 Public Expenditure and Governance »

Source: The Macroeconomy of Central America

Series: Books

Author(s): Erik Offerdal , and Robert Rennhack

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2004

ISBN: 9781403936523

Keywords: exchange rate, public debt, dollarization, exchange rate regime, debt service

Introduction After a weak performance during the so-called lost decade of the 1980s, the economies of Central America rebounded to varying degrees in the 1990s. The rebound was due t...

Sovereign Credit Ratings and Spreads in Emerging Markets

Sovereign Credit Ratings and Spreads in Emerging Markets »

Source: Sovereign Credit Ratings and Spreads in Emerging Markets : Does Investment Grade Matter?

Volume/Issue: 2011/44

Series: IMF Working Papers

Author(s): Laura Jaramillo , and Michelle Tejada

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218981

Keywords: Rating Agencies, public debt, external public debt, standard deviation, external debt, standard errors, Financial Markets and the Macroeconomy, International Finance: General, International Lending and Debt Problems,

Sovereign investment grade status is often associated with lower spreads in international markets. Using a panel framework for 35 emerging markets between 1997 and 2010, thispaper finds that investment grade status...

Statement by Carlos Pérez-Verdia, Executive Director for El Salvador and Mr. Cosenza-Jiménez. Senior Advisor to the Executive Director, September 30, 2011

Statement by Carlos Pérez-Verdia, Executive Director for El Salvador and Mr. Cosenza-Jiménez. Senior Advisor to the Executive Director, September 30, 2011 »

Source: El Salvador; Third Review under the stand-by arrangement : Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director.

Volume/Issue: 2011/306

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 October 2011

ISBN: 9781463922030

Keywords: central bank, external debt, public debt, public sector debt, debt service

The IMF staff report for the third review under the Stand-By arrangement with the officials of El Salvador on economic developments and policies. Developments from the second review are outlined. Discussions on the...

Statement by Leonardo Villar, Executive Director for El Salvador May 22, 2019

Statement by Leonardo Villar, Executive Director for El Salvador May 22, 2019 »

Source: El Salvador : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

Volume/Issue: 2019/143

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2019

ISBN: 9781498316972

Keywords: Social indicators, Credit, External sector, Public debt, Gross domestic product, central reserve bank, primary balance, percent, percent of GDP, national authority

Structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth. Surging remittances pushed real GDP growth above potential in 2018, add...

Statement by Moises Schwartz, Executive Director for El Salvador and Gerardo Peraza, Senior Advisor to Executive Director

Statement by Moises Schwartz, Executive Director for El Salvador and Gerardo Peraza, Senior Advisor to Executive Director »

Source: El Salvador : Staff Report for the 2004 Article IV Consultation

Volume/Issue: 2005/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2005

ISBN: 9781451834758

Keywords: debt, central bank, public sector, interest, public debt

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 gro...

Statement by Moises Schwartz, Executive Director for El Salvador and Nina Conrado, Senior Advisor to Executive Director

Statement by Moises Schwartz, Executive Director for El Salvador and Nina Conrado, Senior Advisor to Executive Director »

Source: El Salvador : Staff Report for the 2006 Article IV Consultation

Volume/Issue: 2006/410

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2006

ISBN: 9781451834765

Keywords: debt, public sector, interest, central bank, public debt

El Salvador has made major strides on several fronts since the peace accords of 1992. The near-term outlook has strengthened, although challenges remain. The authorities are intended to limit tax exemptions and sub...

Statement by Mr. Rojas and Mr. Acevedo Flores on El Salvador, May 20, 2013

Statement by Mr. Rojas and Mr. Acevedo Flores on El Salvador, May 20, 2013 »

Source: El Salvador : Staff Report for the 2013 Article IV Consultation

Volume/Issue: 2013/132

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484310021

Keywords: public debt, current account, external debt, central bank, short-term debt, consultation reports,

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Statement by the IMF Staff Representative

Statement by the IMF Staff Representative »

Source: El Salvador : Staff Report for the 2004 Article IV Consultation

Volume/Issue: 2005/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2005

ISBN: 9781451834758

Keywords: debt, central bank, public sector, interest, public debt

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 gro...

2 Tax Reform: Trends and Possibilities

2 Tax Reform: Trends and Possibilities »

Source: The Macroeconomy of Central America

Series: Books

Author(s): Erik Offerdal , and Robert Rennhack

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2004

ISBN: 9781403936523

Keywords: exchange rate, public debt, dollarization, exchange rate regime, debt service

Introduction Central America’s economic performance improved markedly in the 1990s. 1 But there remain many challenges for this region, especially i...

Back Matter

Back Matter »

Source: The Macroeconomy of Central America

Series: Books

Author(s): Erik Offerdal , and Robert Rennhack

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2004

ISBN: 9781403936523

Keywords: exchange rate, public debt, dollarization, exchange rate regime, debt service

Opportunities for growth and investment in Central America could well improve in the coming years, as the region's ties with the world economy grow closer. This integration, however, also presents important challen...