Economic Reopening Delayed in El Salvador

Arguing that the number of infections and deaths is increasing quickly because of the spread of covid-19, President Bukele decided to postpone the entry into force of the second phase until July 21.

Monday, July 6, 2020

Initially, the second phase of the economic reopening process was scheduled to begin on July 7, and would include the reactivation of the plastic, paper, cardboard and footwear industries, as well as call centers, restaurants and mass transportation.

An official statement dated July 5, 2020 details that "... the Government of President Nayib Bukele has responsibly decided to postpone the second phase of economic reopening, and to extend the first phase. And once again it asks the deputies of the Legislative Assembly to approve a regime of national exception for 15 days, and not in a targeted manner."

Check out the "System for monitoring markets and the economic situation in Central American countries", prepared by CentralAmericaData.

Silvia Cuellar, executive director of the Salvadoran Exporters Corporation (Coexport), told Elmundo.sv that "... they respect the decision of the Presidency of the Republic to maintain phase one of the economic reopening and not move on to phase two. Before starting with the first phase, they agreed that the start of each one depended on the evolution of the pandemic."

Cuellar added that "... It is always made clear from the beginning that the development of the phases was always going to depend on the situation of contagion and that this guideline was going to come more from the Ministry of Health. Therefore, in the last meeting and the last one we had with the Minister of Economy (María Luisa Hayem), in Coexport, it was made clear to us that while it is true, there was a reactivation plan, but that ultimately for them everything depended on the level of infections."

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More on this topic

Economic Reopening: Phase 2 to Begin on August 20

July 2020

After authorities suspended the start of Phase 2 on two occasions, the government of El Salvador announced that the second phase of the economic reopening plan would begin on August 20.

July 19 was the second time that the entry into force of this Phase was postponed, as it was initially planned to begin the second stage of the economic reopening process as of July 7, which contemplates the reactivation of the plastic, paper, cardboard and footwear industries, in addition to call centers, restaurants and public transportation.

Economic Reopening: Phase 2 Postponed in El Salvador

July 2020

President Nayib Bukele announced his decision to delay for a second time the start of Phase 2 of the Economic Reopening Plan, which was scheduled for July 21.

"After hearing the opinions of experts and, above all, the Ministry of Health, the governing body for health, and despite the fact that what our country needs is strict quarantine and not just complementary measures, I have decided to suspend Phase 2 of the economic reopening," Bukele explained on his Twitter account.

Economic Reactivation: Reverse in Costa Rica

June 2020

Arguing that the country is at risk of taking the route of an exponential covid-19 infection curve, the government suspended phase 3 of the commercial reopening and decreed new vehicle restrictions for June 20-21.

Due to the increase in cases announced on June 19 at a press conference, the government decided to tighten health measures issued by the Ministry of Health to contain the spread of the disease, thus postponing the third phase of reopening announced on June 18.

El Salvador Gets Ready to Reactivate the Economy

June 2020

Businessmen and authorities agreed that from June 16 will begin the reactivation of productive activities, and it is estimated that within 100 days the economy will be functioning at 100%.

After almost three months of restrictions to the mobility of people and the suspension of productive activities, derived from the outbreak of covid-19 in the country, agreements were reached at the Economic Reactivation Table.

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