UID:
almafu_9958063603402883
Format:
1 online resource (64 p.)
ISBN:
9786612846762
,
9781462311965
,
1462311962
,
9781452788746
,
145278874X
,
9781282846760
,
1282846760
,
9781455202607
,
1455202606
Series Statement:
IMF Staff Country Reports
Content:
This paper discusses El Salvador’s Request for a Stand-By Arrangement and cancellation of the current arrangement. The program seeks to preserve financial stability, safeguard the economic recovery, and strengthen the medium-term fiscal position. Fiscal policy will aim at offsetting the impact of the adverse external environment on domestic activity and the most vulnerable while ensuring debt sustainability over the medium term. IMF financial support would have a catalytic role for official creditors and private investors. It would also provide a liquidity buffer to help absorb any potential shocks to the financial system.
Note:
"March 2010."
,
Cover; Contents; I. Background; II. Economic Developments in 2009; Figures; 1. Economic Activity and Inflation; 2. Balance of Payments Developments; 3. Fiscal Developments; III. The New Government's Economic Program; 4. Financial Sector Developments; A. Macro Economic Framework; B. Fiscal Policy; Box; 1. El Salvado's Public Debt Path; C. Financial System Issues; D. Downside Risks; IV. Program Modalities; A. Program Duration; B. Conditionality, Access, and Monitoring; V. Capacity to Repay the Fund; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators; 2. Balance of Payments
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3. Operations of the Nonfinancial Public Sector4. Operations of the Nonfinancial Public Sector; 5. Operations of the Nonfinancial Public Sector; 6. Summary Accounts of the Financial System; 7. Selected Vulnerability Indicators; 8. Public Sector Debt Sustainability Framework, 2005 2015; 5. Public Debt Sustainability: Bound Tests; 9. External Debt Sustainability Framework, 2005 2015; 6. External Debt Sustainability: Bound Tests; 10. External Financing Requirements and Sources; 11. Indicators of Fund Credit; 12. Purchase Schedule and Terms Under the Stand-By Arrangement
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13. Quantitative Performance Measures14. Rationale for Proposed Structural Conditionality; Attachments; I. Letter of Intent; II. Memorandum of Economic and Financial Policies; Table 1. El Salvador: Purchase Schedule and Terms Under the Stand-By Arrangement; Table 2. El Salvador: Quantitative Performance Measures; Table 3. El Salvador: Structural Measures; III. Technical Memorandum of Understanding; Table A1. El Salvador Financing of the Non-Financial Public Sector; Table A2. Public-Sector Deposit Account Numbers
Language:
English
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