Regional Economic Outlook
Western Hemisphere
Regional Economic Outlook
April 2022The war in Ukraine is shaking the world economy and raising uncertainty about the outlook for Latin America and the Caribbean. Even before the war, the region’s recovery from the pandemic was losing momentum and growth is returning to its pre-pandemic trend rate of around 2.5 percent for 2022. The war brings a further shock to inflation, and policymakers across the region have reacted decisively by tightening monetary policy and implementing measures to soften the blow of higher food and energy prices on the most vulnerable—thus mitigating the risks of social unrest. Rising interest rates complicate the management of already high debt levels, and an escalation of the war could further tighten financial conditions in the region. In this context, an inclusive fiscal consolidation strategy would maintain support for the vulnerable while helping rebuild buffers.
Read more: Regional Economic Outlook for the Western Hemisphere, April 2022
This web page presents information about the work of the IMF in Central America, Panama and the Dominican Republic, including the activities of the IMF Regional Representative Office. Additional information can be found on the IMF country pages of the enlarged Central American region (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama), including official IMF reports and Executive Board documents in English and Spanish that deal with Central America as a region and with each of its countries.
At a Glance
- CA-7: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Dominican Republic
- Costa Rica Joined the Fund on January 08, 1946
- El Salvador, Nicaragua, and Panama Joined the Fund on March 14, 1946
- Dominican Republic and Guatemala Joined the Fund on December 28, 1945
- Honduras Joined the Fund on December 27, 1945
- Total Quotas: Net cummulative allocation SDR 1,230.60 Million; Holdings: SDR 1,027.62 Million
- Loans outstanding: ECF arrangements (Honduras and Nicaragua) SDR 132.54 Million;
- Stand-by Arrangements (Dominican Republic) SDR 703.76 Million
IMF's Work on Central America
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IMF Executive Board Concludes 2022 Article IV Consultation with Nicaragua
January 27, 2023
IMF Executive Board Concludes 2022 Article IV Consultation with Nicaragua
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January 27, 2023
Series:Country Report No. 2023/053
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Northern Triangle Undocumented Migration to the United States
January 27, 2023
Author/Editor:Alina Carare | Catherine Koh | Yorbol Yakhshilikov
Series:Working Paper No. 2023/017 -
On the Macro Impact of Extreme Climate Events in Central America: A Higher Frequency Investigation
December 2, 2022
Author/Editor:Hee Soo Kim | Carlos Chaverri | Emilio William Fernandez Corugedo | Pedro Juarros
Series:Working Paper No. 2022/237
Notes:This paper was prepared for the XVII Virtual Regional Conference on Central America, Panama, and the Dominican Republic.
Video: Digital Money and Remittances Costs in Central America, Panama, and the Dominican Republic
December 2, 2022
Author/Editor:Alina Carare | Lavinia Franco | Metodij Hadzi-Vaskov | Justin Lesniak | Dmitry Vasilyev | Yorbol Yakhshilikov
Series:Working Paper No. 2022/238
Notes:This paper was prepared for the XVII Virtual Regional Conference on Central America, Panama, and the Dominican Republic.