From a press release from the International Monetary Fund (IMF):

A mission from the International Monetary Fund (IMF) visited San Salvador from 6th to 15th of February to begin discussions for the fourth revision of the Stand-By Agreement. The mission met with the Technical Secretary of the Presidency, Alexander Segovia, the Minister of Finance, Carlos Caceres, the president of the Central Bank, Carlos Acevedo, and other senior government officials and private sector representatives.

At the end of the visit Mr. Mario Garza, IMF mission chief for El Salvador, issued the following statement:

"It is estimated that economic growth was about 1.5 percent in 2011, somewhat lower than projected, due to the adverse impact of the Tropical Depression. Tax revenues increased sharply, but current spending pressures have caused the fiscal deficit and public debt to end up above the targets set in the program for the end of 2011.

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Salvadoran Authorities and IMF Mission Reach Agreement

February 2011

IMF Mission and Salvadoran Authorities Reach Agreement on an Economic Program for 2011 in the Context of the Stand-By Arrangement

Press Release No. 11/41
February 11, 2011
Mario Garza, mission chief of the International Monetary Fund (IMF) to El Salvador, issued the following statement today in San Salvador:

IMF's View of Guatemala for August 2010

August 2010

The International Monetary Fund (IMF) report sheds a positive light on the country's macroeconomic situation and the stability of its financial system.

A staff team from the International Monetary Fund (IMF) visited Guatemala during August 17-26, 2010 to conduct the fourth and final review of the Stand-By Arrangement approved in April 2009.

Guatemala and IMF Agree on Higher Fiscal Deficit

August 2009

The Government and the IMF agreed on a fiscal deficit of up to 3.4% of the GDP in 2009.

An IMF mission visiting Guatemala that ended August 14th, remarked that "the global economic crisis had a negative impact on Guatemala and the region. A GDP drop of 0.4% is expected, with risk of dropping even further".

Statement on IMF Staff Visit to Honduras

May 2008

The IMF mission that visited Honduras during May 13-21, 2008 discussed policy responses to the weakening external conditions.

The mission agreed that full implementation of the policies set out in the authorities' program would be key to help the economy adjust smoothly to the emerging risks from the external shock, especially on fuel prices.