Statement by the IMF Mission to El Salvador (Text)

Following is the text of the mission statement from the International Monetary Fund visit to El Salvador:

A mission from the International Monetary Fund (IMF) led by Mario Garza visited San Salvador during May 21-25 to review recent developments and the economic outlook. At the conclusion of the visit, Mr. Garza issued the following statement in San Salvador: “The IMF team had productive meetings with President Mauricio Funes and his economic team. The authorities reiterated the government’s commitment to prudent policies that will place the public debt-to-GDP ratio on a downward path and protect social spending. They noted the importance of further strengthening El Salvador’s fiscal position through expenditure restraint and higher fiscal revenues and expressed their interest in maintaining a financial arrangement with the IMF until 2014. As part of the agreed working agenda, IMF staff will maintain a close dialogue with the authorities to assist them in achieving their fiscal consolidation objectives.”

SOURCE: International Monetary Fund


To contact the reporter on this story:
Ainhoa Goyeneche in Washington at  agoyenechecu@bloomberg.net

To contact the editor responsible for this story:
Marco Babic at  mbabic@bloomberg.net



Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.