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El Salvador and the U.S. Sign Development Agreement

Both governments formalized the launch of the program 'Partnership for Growth' (Asocio Para el Crecimiento in Spanish), which aims to promote sustainable growth in the Salvadoran economy and will be implemented over the next five years.

Friday, November 4, 2011

In order to boost investment, it will seek to strengthen the capacity of the Investment Promotion Agency (PROESA in Spanish), to make the process easier and to improve the business climate.

The technical secretary of the Presidency, Alexander Segovia, told Laprensagrafica.com:
"... (we) will implement a program of job creation and development aimed at women and young people.

In terms of taking action to reduce crime and improve security, one example discussed was that the work undertaken by judges could be improved."

Source: laprensagrafica.com

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Honduran Economy: Good Forecast for 2020

November 2019

According to the IMF, Honduras has experienced a moderation in economic growth in recent quarters, but a recovery is expected next year.

Honduras has made significant progress in implementing its economic program, which aims to foster inclusive growth through prudent macroeconomic policies and structural and governance reforms, according to the international organization's report.

New Government and Country Agenda

March 2019

For the IMF, the political agreements reached by the elected government in El Salvador with the parties that dominate the Legislative Assembly will be crucial for the successful implementation of a country agenda.

The IMF staff team visited San Salvador during March 11—22 for the 2019 Article IV consultation and held candid discussions with the current authorities, the President-elect, parliamentarians, business community, and social partners.

More Insecurity, Less Investment

January 2019

The effect of crime and the tax reforms that have been implemented are part of the factors that have caused companies in El Salvador to decide not to make more investments.

The Business Competitiveness Survey, prepared by the Salvadoran Foundation for Economic and Social Development (FUSADES), details that between 2011 and 2017 the number of companies that have no interest in investing in the country registered a 11% increase.

IMF Completes Third Review of El Salvador’s Stand-By Arrangement

October 2011

“Program implementation has been strong, despite challenging external conditions and a slow economic recovery. The public debt-to-GDP ratio has stabilized, and financial stability has been maintained."

IMF Executive Board Approves US$790 Million Stand-By Arrangement for El Salvador