Salvadoran Exporters Request Credit Insurance

Exporting companies from El Salvador are demanding an integral exports policy from the Government.

Monday, August 3, 2009

According to the Corporation of Exporting Companies, known as COEXPORT, the most important items of such policy should be a financial guarantee fund and credit insurance.

Silvia Cuéllar, head of Coexport, detailed both financial instruments to "Credit insurance will be a guarantee for exporters having problems with their products, and the guarantee fund will provide greater protection for the entrepreneur".

To assure the financing of the sector, exporters are suggesting the creation of a "specialized fund in the Multi Sector Investment Bank (BMI)".

More on this topic

Guatemala: $109 million in Tax Refunds

February 2018

The Tax authorities have announced that during the first quarter of the year they expect to start making reimbursements corresponding to requests for the fiscal periods of 2013 to 2015.

The acting superintendent of the Tax Administration, Abel Cruz, said that companies that have already been audited will be able to receive the corresponding settlement. 

More Problems with VAT Refunds

January 2016

Salvadoran exporters claim that the system used by the Ministry of Finance from November to return VAT has put a strain on companies liquidity.

The new mechanism to refund VAT to exporters (which has been in force since November), has caused new problems between the sector and the tax authority of El Salvador.

Guarantee Fund for Salvadoran Exports

October 2010

The BMI and the Ministry of Economy presented the Export Guarantee Fund (FIDEXPORT).

According to the president of BMI, the FIDEXPORT aims to provide guarantees for short-term financing for export of goods and services required by companies exporting to Financial System institutions in El Salvador.

Salvadoran Exporters Gather at CIFCO

July 2010

The “Learning to Export” event is organized by the Corporation of Exporting Companies, known as COEXPORT.

The gathering will take place on 15 July at the CIFCO International Conference Center and is the first of its kind organized by COEXPORT.

Silvia Cuéllar, the corporation’s director general, commented to that, “it is important to underline that never before has an event of this kind been held in El Salvador and it will not be the last”.