President Funes Urges Employers to Invest El Salvador

The President, Mauricio Funes, asked Salvadoran businessmen to join in the country’s process of recovery and growth.

Monday, May 9, 2011

"I ask our businesses to accompany this process, to invest and trust in the ability of Salvadoran society to succeed, " President Funes said today during his speech at a Memorial Day service (Día del Soldado in Spanish).

President Funes regretted that El Salvador is the first in Latin America whose businessmen have mostly invested abroad.

The Salvadoran president pointed out that El Salvador is poised for growth of 2.5% as projected by the government and said the first quarter of this year shows a significant growth in exports, the flow of remittances and some areas such as the construction industry and assembly plants, which have generated employment to the extent that jobs that were lost during the crisis of 2008 and 2009 have been recovered.

He added that it is time that businessmen actually commit more than words to the country and its people, by making productive investments. "My government will ensure that it will strengthen, as far as resources permit, the fight against crime and misdeeds." said President Funes.



More on this topic

Difficulties in Investing in Central America

November 2014

Employers in the region are complaining about a lack of long-term development policies, and are asking for Government transparency, effectiveness and legal certainty, so that they can continue investing in the region.

During a meeting between businessmen and government called 'Expanding opportunities: promoting the private sector and job creation', entrepreneurs from different sectors shared their concerns and views on the investment climate in the region.

President Funes Announces Projects Worth $2.5 billion

May 2013

They include the modernization and expansion of the International Airport of El Salvador, the concession for Port of La Union, and the generation of 350 MW of energy, among other things.

From a press release issued by the Presidency of El Salvador:

The President, Mauricio Funes, called today for the creation of a solid alliance involving all of the country's sectors in order to achieve acceptable goals of economic growth, employment generation and equitable distribution of wealth.

El Salvador: Investment Laws Stalled in Assembly

January 2013

Seven bills designed to encourage investment are still pending in the legislative committees of finance, treasury, and economy.

Laprensagrafica.com reports that "The Legislative Assembly is about to close the first Legislative month of 2013 without having approved any of the reform initiatives and new laws proposed by the President, Mauricio Funes, to encourage investment.

Salvadoran Trade Mission in Colombia

February 2011

The Salvadoran President will inaugurate a Business Forum in Colombia on February 23, during his official visit which includes a delegation of businessmen from El Salvador.

President Funes said that included on his agenda is the promotion of private investments between the two nations and to open new business opportunities for businessmen from El Salvador, besides strengthening the existing trade flows between both countries and encourage Colombian businessmen to invest in El Salvador and El Salvador to invest in Colombia.

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