"The objective of this paper is to present microeconomic evidence on the economic effects of international remittances on households' spending decisions. Remittances can increase the household budget and reduce liquidity constraint problems, allowing more consumption and investment. In...

El Salvador's development over the past decade has been dichotomous. On the one hand, economic growth has remained persistently low, employment and labor force participation have barely increased, and progress on poverty reduction has slowed. On the other hand, inequality has fallen, and shared...

Despite the global and domestic shocks of 2008-2009, the banking sector remains sound. Salvadoran banks were not directly exposed to the global financial crisis. However, the parent banks of several major Salvadoran banks were and directed subsidiaries to conserve risk capital. The higher risk...

This report identifies constraints to Salvadoran manufacturing firms, in the areas of governance and insecurity, physical infrastructure, access to finance and skills, quality and technology. The report uses a survey of manufacturing firms to benchmark El Salvador with respect to other countries...

This report identifies constraints to Salvadoran manufacturing firms, in the areas of governance and insecurity, physical infrastructure, access to finance and skills, quality and technology. The report uses a survey of manufacturing firms to benchmark El Salvador with respect to other countries...

The experience of the 1990s suggests that economic growth has been - and will continue to be - a key feature of El Salvador's accomplishments in reducing poverty. This means that there will be high returns for poverty reduction when the Government of El Salvador takes the necessary measure to...

This report provides an assessment of accounting and auditing practices within El Salvador's corporate sector. It used International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks, and drew on international experience and good practices in those...