Caribbean & Central America - March 2007 (ISSN 1741-4458)

The IMF praised President Antonio Saca's management of the economy. It was particularly pleased at the increase in the tax yield and the sharper focusing of subsidies. The government reckons that the economy will grow 5% this year, breaking a cycle of disappointing growth.
An IMF team visited San Salvador from 6 to 9 March for its mid-term report on the economy under President Saca. It confirmed the government's estimate that the economy had grown by 4.2% in 2006 and that inflation had been 5%. The IMF said that the government should be aiming for a faster rate of growth.

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