The Minister of Health, Alejandro Zelaya confirmed this in an interview with the international media Reuters. A Stand By agreement with the multilateral body carries out financial and fiscal obligations that the country must adopt.
The head of the Ministry of Education, Alejandro Zelaya, confirmed that El Salvador was involved with the International Monetary Fund (IMF) over the $ 1,300 million budget and a “gold opportunity” to revitalize its economy.
ADEMAS:Governor of Bukele negotiates an agreement with the International Monetary Fund
Zelaya’s minister said in an interview with international media Reuters that El Salvador wanted the IMF to approve a 36-month credit line, similar to the one announced this week for the Central American country of Costa Rica.
“We will help to approve the breaches for 2021, 2022 and 2023.”
Zelaya says that the IMF’s funding should make it possible for the Salvador’s debt and public guest to be eligible.
“We need (for 2021) a $ 2,000 million fundraiser, including the debt management plan in short supply,” he added.
ADEMAS: Banqueros is a viable financial agreement between the Government and the IMF
Banking sector of good value for money
The salvadoran banking sector must show agreement with the Government to establish a financial agreement with the International Monetary Fund (IMF) that can ensure that it is possible to guarantee a tax institution to the government and to help establish a mayor.
“An agreement with the Fondo enviaría un very positive signal to the inversionists and help to increase the classification of sovereign risk of the country”, said the president of the Bancaria Salvadoreña Association (Abansa), Raúl Cardenal.
According to the representative of the banking system, it has been agreed that in the last months he will meet with the Gobierno meetings with the IMF in order to establish a financial agreement, which they think will be ready soon.
Tener an agreement with the IMF is to assume a series of fiscal compromises, many of which are not popular among the population, beginning with its main requirement: subdue the Impaired Value Agreement (IVA) and following the application of a previous imposition and the implementation of guest content mediums, including the reduction of public employees.
Cardenal points out that the IMF approved this week a fiscal agreement with Costa Rica worth $ 1,700 million in 36 months, which is showing a reduction in the tax deficit in the median gap.