El Salvador needs new investment

The viability of El Salvador for achieving sustained economic growth depends on the amount of private investment it can attract, especially in these times of high food and fuel prices.

Wednesday, April 23, 2008

In recent years the nation has attracted significant investments in telecommunications, banking, electrical energy and mining. The investment of América Móvil, the largest mobile telephone operator in Latin America, is evidence of this. As well, aggressive investments by Citigroup and HSBC show that El Salvador has proved itself to be an attractive destination for the investment community.

El Salvador optó por abrir su economía al mundo y debe continuar en ese camino. Sin embargo, para hacerlo debe fortalecer el Estado de Derecho. En palabras sencillas, se debe procurar que la ley se cumpla.
However, pressures are growing for El Salvador to move forward on legal reforms. The U.S. State Department and several local institutions have called for more efficiency and transparency in the justice system.

More on this topic

Costa Rica: State of the Union XVII

November 2011

"The country has entered a new and more dangerous phase, a clear erosion of some of the most precious historical advantages of human development."

Synopsis of the Seventeenth Report of the Nation on Sustainable Human Development:

When examined closely, 2010, a year without dramatic events, seemingly calm, reveals the seriousness of the problems experienced by human development in Costa Rica.

Economy of El Salvador in Second Quarter of 2011

August 2011

FUSADES has released a Situation Report for the period April to June 2011.

The report presents a comprehensive quarterly analysis of the behavior of El Salvador’s major economic indicators of, relating to the following sectors and issues: prices, real estate, fiscal, financial, external, agriculture, environment, social and global perspectives.

El Salvador Today According to FUSADES

May 2011

The Economic Situation Report at the end of the first quarter of 2011 states: Economic growth is still slow and fragile.

The global economic recovery continues, although there are still some weaknesses in the international financial condition. A 4.4% expansion is projected for 2011.

El Salvador's Saca under fire on both sides

June 2008

President Antonio Saca of El Salvador headed into his last year in office under fire from both sides of the political spectrum.

Luis Membreño, an economist, said the government had lost its way after a "sound approach" in its early years that led to the recovery of economic growth and a much-needed tax reform.

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