Central America: Global Integration and Regional Cooperation
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Markus Rodlauer Mr. Alfred Schipke
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2005
E-ISBN: 9781451940145
P-ISBN(Paperback): 9781589064461
Subject： F0 Economics;F8 Finances
Keyword： Statistics,Tax administration
Language： ENG
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Description
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.