According to the Corporation of Exporting Companies, known as COEXPORT, the most important items of such policy should be a financial guarantee fund and credit insurance.
Silvia Cuéllar, head of Coexport, detailed both financial instruments to Laprensagrafica.com: "Credit insurance will be a guarantee for exporters having problems with their products, and the guarantee fund will provide greater protection for the entrepreneur".
To assure the financing of the sector, exporters are suggesting the creation of a "specialized fund in the Multi Sector Investment Bank (BMI)".
The BMI and the Ministry of Economy presented the Export Guarantee Fund (FIDEXPORT).
According to the president of BMI, the FIDEXPORT aims to provide guarantees for short-term financing for export of goods and services required by companies exporting to Financial System institutions in El Salvador.
The “Learning to Export” event is organized by the Corporation of Exporting Companies, known as COEXPORT.
The gathering will take place on 15 July at the CIFCO International Conference Center and is the first of its kind organized by COEXPORT.
Silvia Cuéllar, the corporation’s director general, commented to ALprensagrafica.com that, “it is important to underline that never before has an event of this kind been held in El Salvador and it will not be the last”.
The Chamber of Exporters demanded the next administration greater commitment with the exporting sector.
"An example: the Free Zone Law. We know it will provide greater security for companies and attract more investment. However, it is useless to have a law which favors the most vulnerable or unprotected areas, if we don't have the required infrastructure, staff and telecommunications", stated Mónica Araya, president of the Chamber of Exporters.
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