Displaying items by tag: public debt

El Salvador's public debt can be a crucial tool for the nation's development, mainly through infrastructure financing.

The Public Debt is composed of monetary obligations that involve all forms, instruments, securities and documents that commit in the same operation reimbursement of capital, interest payments, commissions and/or other specific charges related to the operation in question, both direct and indirect, contracted by the Non-Financial Public Sector, in domestic and/or foreign currency, whose maturity is greater than one budgetary period (1 year).

According to the International Monetary Fund (IMF), governments around the world have made extraordinary expenditures to help households and employers cope with the economic effects of the pandemic.

The Foreign Affairs Committee of the Legislative Assembly issued favorable opinions for the Central Government to ratify the Immunities and Prerogatives Agreement between the Corporación Andina de Fomento (CAF) and the Republic of El Salvador; the Subscription of Guarantee Capital Shares and the Subscription of Ordinary Capital Shares between the Andean Development Corporation and El Salvador and incorporation as a Member Country.