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El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

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  • International Monetary Fund

Abstract

The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.

Suggested Citation

  • International Monetary Fund, 2022. "El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador," IMF Staff Country Reports 2022/020, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/020
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=512245
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