ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

El Salvador:2014 Article IV Consultation-Staff Report Press Release and Statement by the Authorities of El Salvador

| £7.13 | €8.18 | Ca$12.36 | Au$12.34
by International Monetary Fund. West Dept.
What is this?DRM-EPUB | by download   add to wish list
El Salvador:2014 Article IV Consultation-Staff Report Press Release and Statement by the Authorities of El Salvador by International Monetary Fund. West Dept.

KEY ISSUES Focus: The main themes centered on tackling macroeconomic vulnerabilities and improving the medium-term outlook by achieving an ambitious fiscal adjustment while protecting social spending, creating an environment for higher private sector-led growth, and building a robust financial sector. Main policy issues • A reduction in the fiscal deficit of 3? percent of GDP is needed over the next three years to place public debt on a sustainable path to maintain access to market financing on favorable terms. This adjustment should be accompanied by well- targeted social spending to protect the most vulnerable and continued progress in lessening inequality. • A broad strategy is also needed to reduce the growing imbalances in the pension system and restore its sustainability for future generations. In this regard, a broad- based dialog across all segments of Salvadoran society is needed to build support for a reform that should include an increase in the retirement age and introduce a progressive taxation of benefits. Steps are also needed to further strengthen public financial management to mitigate key fiscal risks, including by enhancing expenditure monitoring and control (to avoid future spending arrears) and recording contingent fiscal liabilities transparently in the fiscal accounts. • The authorities’ goal of raising potential growth to 3 percent while reducing inequality will require substantial supply-side measures to enhance productivity and competitiveness. These should aim to reduce red-tape, increase access to credit, upgrade infrastructure, provide access to and lower the cost of energy, and diversifying the economy. The FOMILENIO II grant from the U.S. provides a valuable opportunity to catalyze such growth-enhancing reforms. • Banking indicators appear sound, a product of prudent supervision and regulation. Nonetheless, there is scope to further strengthen the institutional underpinnings for financial stability by upgrading the legal framework for bank resolution and by creating an appropriate liquidity safety net for banks.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 688913

Ebook Details
Pages: 64
Size: 2.5 MB
Date published:   2015
ISBN: 9781498386937 (DRM-EPUB)

DRM Settings
Copying:not allowed
Printing:not allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Business & Economics > International > Economics

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Business & Economics > Insurance > Risk Assessment & Management
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Finance
Nonfiction > Business & Economics > Public Finance
Nonfiction > Political Science
Nonfiction > Political Science > Public Policy > Social Policy
Nonfiction > Business & Economics > Labor
Nonfiction > Business & Economics > Inflation
Nonfiction > Business & Economics > Development > Economic Development
Nonfiction > Social Science
Nonfiction > Social Science > Third World Development
Nonfiction > Business & Economics > Investments & Securities

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2017