El Salvador: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for El Salvador
Volume/Issue:
Volume 2008
Issue 101
Publication date: March 2008
ISBN: 9781451834772
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , deficit , sound investment environment , economy , reform , El Salvador's authorities , banking systems profitability , IMF staff estimate , reform leader , Public sector , Commercial banks , Central America , Global
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Summary
In 2007, imports of consumer, intermediate, and capital goods grew at annual rates slightly exceeding 10 percent. Export growth lagged behind that of imports, as buoyant nontraditional exports, rising at a 16 percent annual rate, were offset by stagnant exports of the maquila sector. In particular, the discussions centered on (i) spillovers from the United States to El Salvador and the associated risks; (ii) the short-term fiscal stance and its consistency with medium-term fiscal objectives; and (iii) the internationalization of the Salvadoran banking system.
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