Since the fourth quarter of 2008, credit extended by banks has been declining consistently.
An analysis published by the Salvadoran Foundation for Economic and Social Development reads:
“This decline has various interpretations, from suggestions that it is the result of reduced demand due to the lack of investment opportunities, to the internationalized banking system’s lack of identification with the needs of local businesses.
Energy demand will surpass supply in the short term unless new projects are developed, argues Fusades.
The Salvadoran Foundation for Economic and Social Development, known as Fusades, made a study on energy generation in the country. According to their projections, "installed capacity for energy generation will be surpassed by demand during the next decade, unless new investments are developed".
Faced with an unprecedented global economic crisis, experts discussed the role that the State should take.
Should the state intervene more in economics issues? Should governments take more control of the market?
These are some of the questions that were discussed at a forum organized by the National Foundation for the Development of El Salvador (Funde), whose results were collected by El Diario de Hoy.
This is the amount that the Salvadoran Foundation for Social and Economic Development recommends getting in the contingency credit.
According to a report published yesterday by the foundation "we must urge the Central Reserve (BCR) to negotiate a contingency fund of $1 billion from the IMF, making use of the new line of credit that the Bank has opened.