Caribbean & Central America - April 2013 (ISSN 1741-4458)

The IMF is warning El Salvador that it needs to start a national dialogue process before elections in 2014 so that macroeconomic stability is not put at risk. The IMF conducted an Article IV consultation in March when it concluded that real GDP would grow at just 1.5% in 2013-14, the fiscal deficit will remain unchanged in 2013 and beyond, and the debt-to-GDP ratio will increase further. The IMF highlighted that “the authorities noted that the strengthening of macroeconomic policies will become challenging with the approach of a prolonged period of presidential and congressional elections and in an environment of low growth.”

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