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Put your house in order, Fund tells El Salvador

Wednesday, March 20, 2013

The government of El Salvador should make efforts to stabilize its economy before the presidential election of 2014, the International Monetary Fund recommended.

To achieve it, President Mauricio Funes should work closely with the government to make policies that would help cut down the country's $13.3 billion public debt.

The debt represents 55 percent of the country's gross domestic product,. Last year, El Salvador's economy grew only 1.5 percent, mainly due to bad weather, which affected crops, and low investment.

Full story (in Spanish)