New Measures to Boost Private Investment

The Salvadoran government is promoting a series of measures that are part of the model called "New Cycle for Investment, Development and Employment" which seeks to give renewed impetus to private investment in the country.

Thursday, September 20, 2012

A press release from the Presidency of the Republic of El Salvador reads:

The Economic Cabinet, led by the Technical Secretary of the Presidency, Alexander Segovia, revealed today in a presentation of this model the objectives, stages and actions with which the government is promoting economic takeoff and breaking the "vicious circle" which has impeded the country's development.

The new model has as its two strategic objectives to turn El Salvador into a producer of its own food and to generate surplus for export. It also intends to work on the country becoming a logistics center and center regional services, with modern and specialized industry, and high quality tourism services.

In order to develop the strategic objectives the government is involved in establishing a new framework of incentives for investment, and development commitment in the territories, streamlining procedures and reducing bureaucracy, supporting sector which have key economic activities and developing financing said the Secretary Segovia.

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