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Weekly Report - 05 April 2018 (WR-18-13)

TRACKING TRENDS

EL SALVADOR | No VAT increase. The government led by President Salvador Sánchez Cerén will not increase value-added tax (VAT) despite being recommended to do so by the International Monetary Fund (IMF) and other international financial organisations. “This government and the [ruling left-wing] Frente Farabundo Martí para la Liberación Nacional (FMLN) roundly rejects increasing VAT,” the new communications minister, Roberto Lorenzana, said this week. The newly appointed finance minister, Nelson Fuentes, echoed Lorenzana’s words.

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