President Salvador Sánchez Cerén could scarcely have sounded any more orthodox if he had swallowed the IMF manual. Addressing the annual national business meeting (Enade) staged by El Salvador’s umbrella business association (Anep) on 23 June, the veteran guerrilla said his government was “strongly committed to economic stability and responsible management of public finances” and was in the process of approving an austerity decree focused on delivering “honest, efficient and transparent administration of public spending”. The International Monetary Fund (IMF) itself gave Sánchez Cerén the thumbs up in a statement released the previous day applauding the new government’s “macroeconomic policy intentions”.End of preview - This article contains approximately 651 words.
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