1 “... and the ongoing smooth political transition have laid the foundations for sustained growth in El Salvador...”

2 “... and empirical evidence supporting the view that long-term GDP growth will not be affected, but the transition...”

3 “... the transition to the lower energy price environment...”

4 “..., and structural reforms are broadly on schedule. The transition of the retail repo contracts to a trust-based...”

5 “... necessary transition towards sustainable growth amid a challenging external environment. Policy...”

6 “...-resource primary balance in line with the long-term sustainability benchmark, a substantial transition...”

7 “... spending while a gradual transition to greater exchange rate flexibility would foster financial market...”

8 “... transitioning toward a social insurance system that provides good-quality services for all, irrespective...”