Salvadoran Government Targets "Local" Development
The creation of the Territorial Development Secretary intends to change the country´s municipalities into "development agents".
Wednesday, July 15, 2009
Héctor Dada, Economy Minister, commented that the new secretary is analyzing studies by the National Development Commission, looking to identify which areas will be developed.
The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.
In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.
The lack of a clear political course charted by the government of El Salvador is preventing the business sector from getting involved in large investment projects, affecting job creation, which in the first months of the year grew by only 1.1%.
Auhtorities from the World Bank and El Salvador reaffirmed the Bank's support to create job opportunities and reactivate the country.
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