Saca's measures hailed, but where's the money coming from?
President Antonio Saca of El Salvador has announced measures that will cost a total of US$65.7 million. The private sector and analysts have welcomed the announcement but are wondering where the money will come from.
Tuesday, June 3, 2008
A project to recapitalize state banks will cost US15 million. Social housing is to get a US$15 million boost, and state employees are to have a pay rise that will add US$35.7 million to the bill. In addition, tariffs on inputs for agriculture are to be abolished at a cost of US$1.5 million.
Despite being considered a Middle-Income Country (MIC), Guatemala’s social indicators reflect slow growth and a skewed income distribution
Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment.
According to Fitch Ratings the reelection of Daniel Ortega as president of Nicaragua means stability in the country's economic policies.
The organization states that the country has advanced in the process of economic stabilization and has exceeded the quantitative targets set for December 2014, also meeting the benchmarks set for March 2015.
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