European Parliament Library

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
Table Of Contents
Cover; Contents; I. Developments Since the First Review; II. The Economic Program for 2011; A. Macroeconomic Outlook; B. Fiscal Policy; C. Financial System; D. Other Reforms; III. Program Modalities; IV. Staff Appraisal; Boxes; 1. Progress on Structural Reform; 2. Development Credit; Figures; 1. Economic Activity and Inflation; 2. Balance of Payments Developments; 3. Fiscal Developments; 4. Financial Sector Developments; 5. Public Debt Sustainability: Bound Tests; 6. External Debt Sustainability: Bound Tests; Tables; 1. Selected Economic Indicators; 2. Balance of Payments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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