IMF Staff Country Reports

El Salvador : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

May 23, 2019

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth. Surging remittances pushed real GDP growth above potential in 2018, adding to tax revenues and raising the primary fiscal surplus to about 1 percent of GDP. Nevertheless, public debt at about 70 percent of GDP is high, expensive to roll over, and leaves little room for funding new initiatives unless structural measures are implemented. It remains the main vulnerability of the economy.

Series:

Country Report No. 19/143

Subject:

Credit External sector Gross domestic product Public debt Social indicators