Economic Growth and Integration in Central America

As Central America moves forward in regaining macroeconomic stability, the challenge now is how to entrench these gains, increase resilience to shocks, and improve growth performance to reduce poverty. This study analyzes Central America's real, fiscal, monetary, and financial sector policies at the regional level - starting with a review of growth performance and the macroeconomic implications of remittances. ""Economic Growth and Integration in Central America"" then looks at the sustainability of pension systems, financial system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the credibility of central banks.