El Salvador: Falling to Earth

CENTRAL AMERICA - Report 22 May 2014 by Francisco de Paula Gutierrez
Executive SummaryWith the June 1 Inauguration Day approaching, President-elect Salvador Sánchez is being forced to face financial realities. Though he’s built bridges with various sectors and laid the groundwork for a favorable domestic climate, recent data make clear that the budget lacks funds, and that more money will be needed.Maturing debt is a near-term fiscal challenge. Short-term government debt (LETES) was $784 million as of March 31. Another debt of $350 million issued at the beginning of the Mauricio Funes administration to finance social expenditures will also come due in H2. Fu...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.