Published on 08/22/2007

Updated 20 August 2007 - Dominique Desruelle and Alfred Schipke

Central America has made substantial progress in regaining macroeconomic stability and has continued to integrate further both globally and at the regional level. The challenge now is how to entrench these gains, improve growth performance to significantly reduce poverty, and reduce vulnerabilities,including those that are associated with increased integration. This paper addresses some of these important issues. After reviewing recent developments, this chapter provides an overview of key policy issues facing. Central America: economic growth, fiscal issues related to pension reform and sovereign debt structures, the development of capital markets, and monetary policy. It also briefly discusses the progress that has been made with integration and regional policy coordination. The subsequent chapters analyze these key issues in more depth.

Understanding the Dominican Economy

Economic Growth and Integration in Central America and the DR

Updated 20 August 2007 - Dominique Desruelle and Alfred Schipke

Central America has made substantial progress in
regaining macroeconomic stability and has continued to integrate further both globally and at the regional level. The challenge now is how to entrench these gains, improve growth performance to significantly reduce poverty, and reduce vulnerabilities,including those that are associated with increased integration. This paper addresses some of these important issues. After reviewing recent developments, this chapter provides an overview of key policy issues facing Central America: economic growth, fiscal issues related to pension reform and sovereign debt structures, the development of capital markets, and monetary policy. It also briefly discusses the progress that has been made with integration and regional policy coordination. The subsequent chapters analyze these key issues in more depth.

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