Country Report El Salvador October 2009

Summary

The president, Mauricio? Funes of the ruling Frente Farabundo Marti para la Liberacion Nacional (FMLN), will face serious challenges ranging from a rapidly weakening economy to violent crime.
His task will be complicated by the lack of a legislative majority, divisions within his own party and a strong opposition from the outgoing Alianza Republicana Nacionalista (Arena).
A tax reform and the economic recovery will boost revenue and help ease the fiscal deficit in 2010-11. As part of a US$800m stand-by arrangement with the IMF, the government will lower the fiscal deficit in 2010-11.
A recovery in the US??

Highlights
Outlook for 2010-11: Domestic politics
Outlook for 2010-11: International relations
Outlook for 2010-11: Policy trends
Outlook for 2010-11: Fiscal policy
Outlook for 2010-11: Monetary policy
Outlook for 2010-11: International assumptions
Outlook for 2010-11: Economic growth
Outlook for 2010-11: Inflation
Outlook for 2010-11: Exchange rates
Outlook for 2010-11: External sector
Outlook for 2010-11: Forecast summary
The political scene: Attorney-general is elected after a five-month delay
Economic policy: Businesses await benefits from energy price reduction
Economic policy: El Salvador expected to tap markets with a Eurobond
Economic performance: Weak inflation and growth set to stay for the rest of 2009
Data and charts: Annual data and forecast
Data and charts: Quarterly data
Data and charts: Monthly data
Data and charts: Annual trends charts
Data and charts: Monthly trends charts
Data and charts: Comparative economic indicators
Basic data
Political structure