Fiscal Strengthening for Inclusive Growth (ES-L1093)

Updated on August 6th, 2018:

Fiscal Strengthening for Inclusive Growth (ES-L1093)

The objective of this programmatic series and of this first operation is to strengthen fiscal sustainability, protecting public investment and social program funding to favor inclusive growth. The specific objectives are to: (i) boost the efficiency of fiscal management (with particular emphasis on the efficiency of public expenditure); and (ii) improve pension sustainability. This is the first of two Programmatic Policy-based Loans (PBPs), which will be contractually independent but technically related. Status: Approved by the Board on 13 June 2018. Estimated total cost: US$ 350 million. Loan amount: US$ 350 million. Executing agency: To be determined.

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Updated on July 2nd, 2018:

Public Sector Management Fiscal Strengthening for Inclusive Growth (ES-L1093)

The program’s objective is to improve fiscal management and transparency of El Salvador for inclusive growth. It includes policy measures aimed at increasing and simplifying tax revenues, achieving greater spending efficiency and equity, and strengthening overall fiscal sustainability. Status: In preparation stage. Estimated total cost: US$ 350 million. Loan amount: US$ 350 million. Executing agency: To be determined.

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Updated on May 22nd, 2018:

The program’s objective is to improve fiscal management and transparency of El Salvador for inclusive growth. It includes policy measures aimed at increasing and simplifying tax revenues, achieving greater spending efficiency and equity, and strengthening overall fiscal sustainability. Status: In preparation stage. Estimated total cost: US$ 350 million. Loan amount: US$ 350 million. Executing agency: To be determined.

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(N) Fiscal Strengthening for Inclusive Growth (ES-L1093)

The program’s objective is to improve fiscal management and transparency of El Salvador for inclusive growth. It includes policy measures aimed at increasing and simplifying tax revenues, achieving greater spending efficiency and equity, and strengthening overall fiscal sustainability. Status: In preparation stage. Estimated total cost: US$ 350 million. Loan amount: US$ 350 million. Executing agency: To be determined.

Update on January 30th, 2017:

(R) Fiscal Strengthening for Inclusive Growth (formerly Public Expenditure Efficiency Improvement) (ES-L1093)

This operation shall provide budgetary support to promote public policies that shall increase the efficiency of the public expenditure and the implementation of actions in support of fiscal sustainability. Status: In preparation stage. Estimated total cost: US$ 130 million. Loan amount: US$ 130 million. Executing agency: To be determined.

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Update on February 5th, 2016:

This operation shall provide budgetary support to promote public policies that shall increase the efficiency of the public expenditure and the implementation of actions in support of fiscal sustainability. Status: In preparation stage. Estimated total cost: US$ 100 million. Loan amount: US$ 150 million. Executing agency: To be determined.
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This operation shall provide budgetary support to promote public policies that shall increase the efficiency of the public expenditure and the implementation of actions in support of fiscal sustainability. Estimated total cost: US$ 150 million. Loan amount: US$ 150 million. Executing agency: To be determined.