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International Monetary Fund. Statistics Dept.
A technical Assistance (TA) Mission was conducted by CAPTAC-DR1 from May 14 to 18, 2018 with the objective of supporting the Central Reserve Bank of El Salvador (CBR) in its efforts to strengthen its national accounts statistics for decision making. The TA mission covered the following topics: compilation of an Input-Output Table (IOT) for 2014; as well as to follow up on the recommendations made in previous TA missions to disseminate Supply and Use Tables (SUT) for 2015 and thereafter, as part of the national accounts’ series with base year 2005. In addition, the mission provided training to the Department of National Accounts (DNA) team of the CBR in the methodological and conceptual aspects necessary for the analysis and application of the IOT as a statistical and analytical tool.
International Monetary Fund. Statistics Dept.
A technical Assistance (TA) Mission was conducted by CAPTAC-DR1 from May 14 to 18, 2018 with the objective of supporting the Central Reserve Bank of El Salvador (CBR) in its efforts to strengthen its national accounts statistics for decision making. The TA mission covered the following topics: compilation of an Input-Output Table (IOT) for 2014; as well as to follow up on the recommendations made in previous TA missions to disseminate Supply and Use Tables (SUT) for 2015 and thereafter, as part of the national accounts’ series with base year 2005. In addition, the mission provided training to the Department of National Accounts (DNA) team of the CBR in the methodological and conceptual aspects necessary for the analysis and application of the IOT as a statistical and analytical tool.
International Monetary Fund. Western Hemisphere Dept.
This 2019 Article IV Consultation with Mexico discusses that growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. Monetary policy has started easing in the context of a widening negative output gap and declining inflation. The administration’s solid mandate presents an opportunity to address Mexico’s longstanding structural challenges while maintaining very strong policies and policy frameworks. Staff highlighted the need to specify credible measures to reach the announced fiscal targets while adopting a more growth-friendly and inclusive policy mix. Increasing non-oil tax revenues, paired with improving the efficiency of spending, will be an imperative in this regard. The authorities have initiated a package of reforms to strengthen financial deepening and inclusion.
International Monetary Fund. African Dept.
This paper discusses São Tomé and Príncipe’s Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Extension of the Arrangement, And Modification of Performance Criteria (PCs). Program implementation is broadly back on track. After missing the end-2016 fiscal targets by large margins, the government adopted corrective measures and met all five end-June 2017 PCs. The implementation of structural reforms under the program is progressing, albeit at a much slower pace than anticipated due mainly to capacity constraints and delays in the delivery of technical assistance. The IMF staff recommends the completion of the joint third and fourth reviews, approval of the extension to end-2018, and rephasing of the program.
International Monetary Fund. Western Hemisphere Dept.
The economy has experienced seven consecutive years of robust growth, buoyed by high commodity prices, foreign direct investment and expansion of private sector credit. As part of a strategy to sustain growth, reduce poverty and curtail dependence on imported oil, the authorities are pursuing the Amaila Falls Hydro-electric Project (AFHP), entailing investment of about 30 percent of GDP. However, steps by Parliament that delayed important approvals led the private sector partner to withdraw, which could delay the project while additional financing is sought. Meanwhile, public debt remains high—around 60 percent of GDP—limiting the room to finance inclusive growth.