Cover IMF Staff Country Reports
Buy Book in Print
El Salvador: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
Author:
International Monetary Fund. Western Hemisphere Dept.
Search for other papers by International Monetary Fund. Western Hemisphere Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2025: Issue 058
Language:
English
Publication Date:
03 Mar 2025
DOI:
https://doi.org/10.5089/9798229003483.002
ISBN:
9798229003483
ISSN:
1934-7685
Pages:
111
Keywords:
audited financial statements; staff appraisal; publication of asset declaration; list of statement; Bitcoin transparency; Public sector; Anti-money laundering and combating the financing of terrorism (AML/CFT); Pension spending; Central America; Caribbean; Global
Download PDF (3.6 MB)
This paper explores El Salvador’s Request for Extended Arrangement under the Extended Fund Facility. The Salvadorean economy is steadily expanding on the back of robust remittances and tourism, and a greatly improved security situation. External deficits have narrowed, inflation has fallen, and recent liability management operations have reduced near-term financing needs. Building on recent progress, the authorities’ IMF-supported program aims at addressing macroeconomic imbalances and strengthening governance and transparency, with the objective of boosting El Salvador’s growth prospects and resilience. Decisive ownership and implementation and broad political and public support will be critical to ensure the program’s success. Agile policy making and contingency planning will be essential to manage downside risks in the context of dollarization. The IMF-supported program aims to ensure conditions are in place to boost El Salvador’s growth prospects and resilience by strengthening public finances, rebuilding external and financial buffers, and improving governance and transparency. Bitcoin risks are also being addressed.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund