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LatinNews Regional Monitor: Caribbean & Central America - 18 July 2017

In brief: El Salvador

El Salvador: The central bank (BCR) has reported that El Salvador’s current account registered a US$6.3m surplus in the first quarter of the year. Government revenue was up 12.6% compared with the same period the previous year, to reach US$3.06bn. This is the first surplus registered in the country since the third quarter of 2001, which the BCR attributes in particular to remittances sent by Salvadoreans living abroad, which totalled US$1.3bn in the first quarter.

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