European Parliament Library

El Salvador :, 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

El Salvador’s 2008 Article IV Consultation examines the country's economic developments and policies. In 2007, the fiscal position improved, the public debt-to-GDP ratio declined, and economic growth reached its highest level in a decade. The rise in global commodity prices has also generated substantial inflation pressures. The stock of bank deposits has stagnated relative to end-2007, while deposit rates have increased slightly. Interbank repo rates have also risen recently, reflecting tighter funding conditions, and banks have increased their external borrowing, in part to build up liquidity
Table Of Contents
Cover; Executive Summary; Contents; I. Recent Developments; Boxes; 1. Energy Subsidies in El Salvador; II. Short-Term Outlook and Risks; III. External Stability and Medium-Term Outlook; 2. External Competitivenes; IV. Policy Discussions; A. Short-Term Policies to Address Global Shocks and Political Uncertainty; B. Medium-Term Policies to Enhance the Economy's Resilience and Growth Potential; V. Staff Appraisal; Figures; 1. Real Sector; 2. External Sector; 3. Fiscal Sector; 4. Financial Sector Developments; 5. Social Indicators; Tables; 1. Selected Economic and Social Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

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