El Salvador: $ 818 Million in Social Programs

The government announced a record investment in 2011, 3.76% percent of its gross domestic product (GDP).

Thursday, January 13, 2011

The chief of staff, Alex Segovia, said in a press conference that plans are to invest in 2012 $173.5 million in social security and $644.5 million in infrastructure projects, totaling $ 818 million.

Segovia added "... 75 million will be invested in a program for school supplies and 28.4 million in education and health bonds," Reuters article informed.

More on this topic

Nicaragua to Receive $235 million from the IDB in 2012

December 2011

The resources will be allocated to transport, energy and climate change, agricultural productivity, health and social protection.

The announcement was made by the representative of the Inter American Development Bank (IDB) in Nicaragua, Mirna Marquez Liévano.

Of the total, $31.4 million will be used for social investment projects, such as water and sanitation programs in secondary cities in Nicaragua and for the development of a plan to reduce the amount of non billed water in Masaya.

El Salvador: $ 30 Million for Production Projects

October 2010

The funds will be used to finance productive projects as well as promoting public-private partnerships.

By 2011 there will be $ 30 million, said Alex Segovia, the Presidency’s Technical Secretary, $ 10 million from Banco Multisectorial de Inversiones and $ 20 million which are being negotiated with the World Bank.

World Bank approves loan for Guatemala for up to $1.5 billion

September 2008

The World Banks approved the new Strategic Alliance, which includes loans for up to $1 billion and the possibility of getting another $0.5 billion from the International Finance Corporation.

"This Strategic Alliance supports the efforts of Guatemala to fight poverty and inequality by increasing specific social spending and public investment and reforms that seek to expand fiscal space and improve governance and transparency," said Laura Frigenti, World Bank director for Central America.

The egg or the chicken?

July 2008

Citizens generally ask for and even demand massive social spending without much thought about its implications, says Ocliver A. Rojas Gómez in his blog on the Fuerza Verde web site.

The market can't carry out all economic functions, he says, and so some of the responsibility has to be lodged with the State as a provider of social services.

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