El Salvador was severely impacted by the global economic crisis and the recovery is still fragile. The U.S. recession and the resulting decline in remittances, investment, and foreign demand contributed to a contraction in El Salvador's real Gross Domestic Product (GDP) of 3.1 percent in 2009. Although positive, growth in 2010 (1.4 percent) was the lowest in Central America. External shocks also impacted social outcomes.
After falling to its lowest levels in 2006 (30.7 percent), the poverty rate increased to 40 percent in 2008 and remained at 37.8 percent in 2009.The crisis also contributed to relatively high levels of unemployment and insecurity, particularly among youth, and contribute to an increase in crime rates.
In response to these challenges, authorities prepared an Anti-crisis Plan for 2009-2011. The plan included actions to generate temporary jobs, increase the coverage of the social security system and improve access to popular housing and basic infrastructure, and violence mitigation.
The government plan sought to mitigate the immediate impacts of the crisis, especially among the most vulnerable segments of the population, while addressing longer-term development challenges such as social service delivery
World Bank.Education Quality Improvement Project.P126364.Author: Ambasz,Diego. Document Date: 2011/11/08 00:00:00.Document Type: Project Information Document Report Number: PIDA53. Country: El Salvador. Disclosure Date: 2011/11/08 00:00:00
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