Five Year Plan Only Has 48% Funding

The Government of El Salvador plans to invest $4.86 billion until 2014, but has only secured funding for $2.32 billion so far.

Friday, April 9, 2010

Presidential secretary Alex Segovia explained they have already prioritized the government’s projects and programs, defining define which ones receive funds first.

“Mauricio Funes considers 5 areas to be clearly above the rest: equity, social inclusion and poverty reduction ($2.1 billion); economic recovery ($1.13 billion); sustainable development, mitigation and disaster management ($590 million); citizen security ($336 million); and special considerations for development ($209 million)”, reported

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El Salvador’s Anti-Crisis Plan: Too Little, Too Late

May 2010

Economists point out that with the exception of very few programs, the so-called anti-crisis plan has been poorly executed.

The goal of reducing the impact of the crisis was not met, primarily because the plan failed to stop the loss of jobs, and none of the projected public infrastructure projects were developed, said economist Claudio de Rosa.

El Salvador: Government Plan Preview

April 2010

Authorities presented a preview of the Five Year Development Plan 2010-2014; it stirred generalized criticism in the country.

Nearing its first year of tenure, the Funes administration has not yet presented its government plan, a delay that has been negatively seen by critics. Today they presented a document which is merely a draft with general guidelines, triggering further and stronger criticism.

There is Funding for Juan Santamaria Airport

March 2009

Houston Airports Consortium said that it has $30 million and creditor banks for Alterra will provide $10 million to complete the work in phases one and two.

La Prensa Libre reported on its website: "This was announced yesterday by Karla González, Minister of Transport, and Jeff Scheferman, president of HASDC.

Honduras: $8 million for Banco de Occidente

December 2008

The funds will be used to finance agriculture, the environment, housing construction and for the municipalities in the country.

The loan, grated by the Central America Bank for Economic Integration (BCIE), was approved from the beginning of this year by Western Bank in order to facilitate the development of the sectors, indicated company president, Jorge Bueso.