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ES-L1047 : Fiscal Strengthening Program

Project Status: Closed

The objective of the present sector program is to help the Republic of El Salvador strengthen public finance and to protect funding for social programs that benefit low-income groups. The program is divided into five components: (i)macroeconomic stability; (ii) tax reform; (iii) more efficient tax and customs administration; (iv) reduction and targeting of subsidies; and (v) transparency in public finance and medium-term fiscal programming. The financing, estimated at US$200 million, will be disbursed in two tranches of US$100 million each.

Project Detail

Project Number
ES-L1047
Project Country
El Salvador
Project Sector
REFORM / MODERNIZATION OF THE STATE
Project Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Project Type
Loan Operation
Project Lending Type
SG
Project Modality
PBL (Policy Based Loan)
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
2296/OC-ES

Financial Information

Project Number
ES-L1047
Project Status
Closed

IDB Financing

Financing type
SCF
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Sep/29/2010

Project Information

Total Cost
USD 200,000,000
Country counterpart financing
USD 0
Amount
USD 200,000,000

Preparation

Title
Type
Project Number
Date Published
Project Profile
ES-L1047
November 19, 2009

Approved

Title
Type
Project Number
Date Published
Loan Proposal
2296/OC-ES;ES-L1047
March 17, 2010
Loan Proposal
2296/OC-ES;ES-L1047
February 17, 2010

Implementation

Title
Type
Project Number
Date Published
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
November 18, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
November 18, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
November 18, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
November 18, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
June 22, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
June 22, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
June 22, 2011
Project Monitoring Report ( Public version)
2296/OC-ES;ES-L1047
June 22, 2011