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The Macroeconomy of Central America

By Erik Offerdal, Robert Rennhack

August 30, 2004

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Format: Chicago

Erik Offerdal, and Robert Rennhack. The Macroeconomy of Central America, (USA: International Monetary Fund, 2004) accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781403936523.071

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Summary

Opportunities for growth and investment in Central America could well improve in the coming years, as the region’s ties with the world economy grow closer. This integration, however, also presents important challenges for economic policy to ensure that growth can be sustained and can benefit the poor. This book stresses the importance of keeping fiscal policy on a sustainable path; strengthening public investment in basic infrastructure, primary health care, and primary and secondary education; and managing the risks associated with partial dollarization.

Subject: Debt service, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: BOOK, Cent of GDP, Central America, Debt ratio, Debt rule, Debt service, Fiscal stance, GDP constant, GDP datum, GDP deflator, GDP ratio, Gross domestic product, Interest rate, Market price, South America, Stock operation, Terms of trade

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