IMF Staff Country Reports

IMF Staff Country Reports
Journal
Publisher:
International Monetary Fund
ISSN:
1934-7685
IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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El Salvador : Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release

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El Salvador : Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release
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Volume/Issue:
2011/90
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
April 2011
DOI:
http://dx.doi.org/10.5089/9781455229123.002
ISBN:
9781455229123
ISSN:
1934-7685
Page:
60
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.
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