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El Salvador : 2018 Article IV Consultation
Press Release; Staff Report and Statement by the Executive Director for El Salvador

Series:Country Report No. 18/151
ISBN 9781484359723
Code: #1SLVEA2018003

Publication year: 2018

Cdn: $23.50; US: $18.00
Language: English
73 pages
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In recent years, El Salvador has suffered from low growth, high and rising public debt, political polarization, and sovereign financial strains. A downward revision of nominal GDP, due to the rebasing of the national accounts, increased the 2017 debt-to-GDP ratio from 63 to 71 percent. The country has pursued a strategy to address the growth and fiscal problems through (i) pro-growth measures and (ii) gradual fiscal adjustment combined with a recent pension reform, which was facilitated by an improvement in collaboration across the political spectrum. The recent decision by the U.S. administration to end the temporary protection status (TPS) for Salvadoran immigrants and further restrictive immigration policies pose risks to remittances’ inflows and growth going forward. Presidential elections are scheduled for early-2019.
El Salvador : 2018 Article IV Consultation
Cdn: $23.50; US: $18.00
International Monetary Fund (IMF) BookID: 122771 Added: 2018.6.9