European Parliament Library

El Salvador :, Request for Stand-By Arrangement: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for El Salvador

The staff report for El Salvador’s request for a Stand-By Arrangement is examined. Fiscal consolidation led to a reduction in the public debt-to-GDP ratio, and the country has experienced the highest growth rates in a decade. Real GDP growth is projected to slow to 3.2 percent in 2008, reflecting lower growth in remittances, a tightening of external financing conditions, and a decline in investment. Exports, however, have remained buoyant despite weaker external demand. The banking system remains liquid and well capitalized, although nonperforming loans have increased and profitability is declining
Table Of Contents
Cover; Contents; I. Background; II. Outlook and Policies for 2009; III. Program Discussions on a Stand-By Arrangement (SBA); IV. Program Access, Conditionality, and Capacity to Repay the Fund; V. Staff Appraisal; Tables; 1. Selected Economic and Social Indicators; 2. Balance of Payments; 3. Operations of the Consolidated Public Sector; 4. Summary Accounts of the Financial System; 5. Selected Vulnerability Indicators; 6. External Debt Sustainability Framework, 2004-2014; 7. Public Sector Debt Sustainability Framework, 2004-2014; 8. External Financing Requirements and Sources
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (53 p.)
Specific Material Designation
Form Of Item

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