$700 million for public investment in El Salvador

Despite the electoral year and the economic crisis, public investment projects will continue, indicated Eduardo Ayala Grimaldi, technical secretary of the presidency.

Monday, February 2, 2009

According to Elsalvador.com: "About $700 million is budgeted for investment. Part of the monies had been set aside in the last budget and passed on to the one for 2009, not because the works did not start, but because they were tendered at the end of the year," Ayala Grimaldi said as a justification for the public construction projects that were outstanding from last year."

More on this topic

El Salvador: Low Rate of Execution of Investments

August 2011

The government of El Salvador has executed only 25% of the public investment it had planned for 2011.

Public institutions projected works for the year 2011 totalling $1,146 million in social investment programs, municipal investments, and works arising from the effects of Hurricane Ida which hit the country in 2009.

$310 Million for Projects in Costa Rica

August 2009

State owned banks will now be able to loan up to 20% of their equity to state entities.

With the approval of the law project, the available loan portfolio at state-owned banks will be 8.6 times larger.

"The modification increases from 6% to 20% the capital and reserves limit that state banks can loan to public institutions.

Costa Rica: Construction Lacks Public Investment

August 2010

The drop in state construction this year has worsened the sector's situation, already troubled since the beginning of the financial crisis in 2008.

The completion of large projects and the lack of funds to begin projects are two of the reasons for the slowdown in public sector construction.

El Salvador Earmarks $770 million for Public Investment in 2012

March 2012

The government aims to implement 70% of the $1.1 billion budgeted for public investment.

The Government has budgeted $1.1 billion for public investment this year and hopes to implement at least 70% of that amount, said Guillermo Lopez Suarez, Special Coordinator for the monitoring and implementation of public investment and Minister of Agriculture.

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