El Salvador; Second Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Press Release

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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Year of publication:	2011-04-19
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank resolution \| Central bank role \| Economic indicators \| Financial sector \| Fiscal reforms \| Risk management \| Staff Reports \| Stand-by arrangement reviews \| central bank \| public debt \| external debt \| public sector debt \| current account \| tax revenue \| debt service \| reserve bank \| fiscal deficit \| fiscal consolidation \| debt sustainability \| external financing \| current account deficit \| balance of payments \| tax administration \| tax collection \| fiscal policy \| current account balance \| external debt service \| external debt sustainability \| debt service payments \| short-term debt \| primary deficit \| external public debt \| debt dynamics \| debt stock \| domestic financing \| payment arrears \| fiscal sustainability \| fiscal risks \| capital expenditure \| general budget \| external liabilities \| expenditure restraint \| central banks \| fiscal revenue \| fiscal developments \| external borrowing \| tax system \| fiscal balance \| domestic currency \| public finances \| total external debt \| tax revenues \| foreign debt \| debt ratio \| bilateral creditors \| domestic saving \| fiscal strategy \| private sector debt \| fiscal risk \| tax changes \| fiscal targets \| fiscal target \| amortization payments \| repurchases \| tax reform \| government revenue \| fiscal indicators \| interest expenditure \| domestic investors \| public external debt \| fiscal position \| external loans \| debt management \| tax collections \| taxation \| credit tranches \| debt servicing \| medium-term fiscal framework \| tax policy \| expenditure policy \| stock of debt \| debt sustainability analysis \| long-term debt \| debt-equity \| fiscal framework \| government debt \| structural fiscal \| public expenditure \| fiscal assumptions \| fiscal outturn \| public spending \| fiscal costs

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/90 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242767