El Salvador: Urgent Plan for Approval of Fomilenio IIA short-term plan is being prepared to improve the investment climate and lift objections from U.S. Congress to fund the delivery of the Millennium Challenge CorporationWednesday, November 6, 2013
The information was confirmed by the U.S. ambassador to El Salvador, Mari Carmen Aponte. Both governments are working on concrete actions in the short term to allow for these improvements. Source: laprensagrafica.com ¿Busca soluciones de inteligencia comercial para su empresa?U.S. Postpones Signing Fomilenio IIDecember 2013 The disbursement of $277 million for development of the coastal zone will be delayed at least until after the next elections in El Salvador. No Approval of Fomilenio II Without Improvement of Investment ClimateNovember 2013 The U.S. Ambassador to El Salvador stressed the need to adopt reforms to laws against money laundering and Public Private Partnerships. Fomilenio II Approved for El SalvadorSeptember 2013 The Millennium Challenge Corporation has approved a second disbursement of funds for $277 million, aimed at developing the country's coastal area. Conditions in El Salvador for Approval of Fomilenio IIAugust 2013 In deciding whether to approve Fomilenio II the Millennium Challenge Corporation verifies respect for institutions, good governance, transparency and ethics.
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