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.

More on this topic

Elections in Nicaragua Confirm Continuity

November 2016

According to Fitch Ratings the reelection of Daniel Ortega as president of Nicaragua means stability in the country's economic policies.

EDITORIAL

Stability and economic and political continuity is what Fitch Ratings envisages for Nicaragua after the outcome of the presidential elections last Sunday, in which President Daniel Ortega was declared the winner, with 70% of the vote, according to a report by the Supreme Electoral Council. 

Honduras seen by the IMF in March 2015

March 2015

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.

From a press release issued by the International Monetary Fund (IMF):

The Politics of Latin American Poverty

August 2008

Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment.

The region needs secure contract and property rights. If local leaders won't defend those rights, programs like Mr. Obama's $2 billion "global education fund" won't amount to a hill of frijoles.

Tearing Down the Walls: Growth and Inclusion in Guatemala

August 2008

Despite being considered a Middle-Income Country (MIC), Guatemala’s social indicators reflect slow growth and a skewed income distribution

Education attainment is extremely low (between four and five years on average) for a MIC and, despite advances in enrollment in primary education, the illiteracy rate remains close to one third.

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