The 2001 UTEC report

Abstract

Nobody escapes that El Salvador is suffering from a circumstantial or conjuncture crisis, which adds to the fundamental and integral problems that the country suffers and that transcends the economic.
In the specifically economic area, after the application of structural adjustments, liberalization, privatization, modernization of the State and other formulas of universal application, suggested by authorities exogenous to the country, the particular opinion regarding the expectations that were had On the expected results of such reforms, they have gone from fervor to frustration.
The economic characteristics no longer fit exclusively with those of a momentary, cyclical or transient phenomenon, of unfavorable features, such as: an increase in the external debt, a greater fiscal deficit; or favorable, such as lower inflation, a lower interest rate or a fixed exchange rate; rather, they are structural in nature.