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El Salvador: Staff Report for the 2004 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2004 Article IV Consultation highlights that economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties. Real GDP growth is estimated at about 1½ percent in 2004 while inflation picked up to more than 5 percent, owing to higher oil prices. The public sector deficit is expected to decline to 3 percent of GDP in 2004. Executive Directors have praised El Salvador’s long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.

Suggested Citation

  • International Monetary Fund, 2005. "El Salvador: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2005/271, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/271
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