Salvadoran Government Targets "Local" Development

The creation of the Territorial Development Secretary intends to change the country´s municipalities into "development agents".

Wednesday, July 15, 2009

Héctor Dada, Economy Minister, commented that the new secretary is analyzing studies by the National Development Commission, looking to identify which areas will be developed.

More declarations by the Minister were published in "...his Ministry will focus in supporting micro, small and medium companies for three reasons: 'They are the ones in need of most help in times of crisis, they generate the most jobs and their being more dynamic can imply more demand and supply to large companies".

More on this topic

Without Private Investment There Are No Jobs

May 2015

The lack of a clear political course charted by the government of El Salvador is preventing the business sector from getting involved in large investment projects, affecting job creation, which in the first months of the year grew by only 1.1%.

The low levels of domestic and foreign investment in recent years in El Salvador is taking a toll on the economic level, given the limited possibilities for the business sector to create more and better jobs.

The Fall of Public Investment in Costa Rica

March 2013

In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%. reports that "The Comptroller General's Office warned, in its report on the 2013 public budget, of a reduction facing planned investment in the non-financial public sector in respect to production, especially between 2010 to 2013. "

Guatemala: Strategy to Increase Investment Unveiled

August 2010

The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.

The strategy presented by the Guatemala's "National Competitiveness Program" (Pronacom), suggests modifying the country's tax on income (ISR in Spanish) so that more individuals are eligible, as well as bring into force the so-called anti-evasion law (currently in congress).

$230 Million For El Salvador’s Economic Growth Plan

July 2010

Auhtorities from the World Bank and El Salvador reaffirmed the Bank's support to create job opportunities and reactivate the country.

This new financing includes $100 million to support the country’s recovery through sound economic and social policies that are vital to addressing the needs of Salvadorians, particularly the most vulnerable, by protecting its income and consumption, and ensuring its access to health services.

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