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LatinNews Regional Monitor: Caribbean & Central America - 01 June 2018

In brief: El Salvador

El Salvador: El Salvador’s opposition controlled 84-member unicameral national legislature has approved an Inter-American Development Bank (IDB) loan worth US$350m from the fiscal strengthening for inclusive growth programme – the objective of which is to improve fiscal management and transparency for inclusive growth. Approval of the loan, which includes policy measures aimed at increasing and simplifying tax revenues, achieving greater spending efficiency and equity, and strengthening overall fiscal sustainability, has been welcomed by the finance ministry and the Frente Farabundo Martí de Liberación Nacional (FMLN) government led by President Salvador Sanchéz Céren.

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