The report "Economic Results At Close of 2013 and Prospects for 2014 " indicates that macroeconomic stability is threatened by rising public debt in relation to GDP.
In order to reverse the trend of economic stagnation reflected by the indicators analyzed, the Chamber proposes adopting measures such as the award of Puerto La Union, improving the investment climate, reforming the Law of Public-Private Partnerships (key to securing approval of the disbursement of funds from the second round of FOMILENIO), the adoption of the Law on Legal Stability of Investments and approval of a competitiveness agenda focused on reducing the costs incurred for operating in the country, among other things.
The Republic of China is to conduct a feasibility study for the construction of a Special Economic Zone (SEZ) in the country.
A press release from the Ministry of Foreign Affairs of Costa Rica reads:
COMEX and the China Development Bank have signed agreement to initiate a feasibility study.
On Thursday the President of the Republic, Laura Chinchilla, witnessed the signing of a Framework Agreement between the Ministry of Foreign Trade of Costa Rica and the China Development Bank to prepare a study to analyze the feasibility of developing a Special Economic Zone (SEZ) in our country.
Representatives of the Competitiveness Initiative presented diagnostics and proposed solutions in education and business, infrastructure, procedures and access to markets and investments.
In the past eight years, El Salvador fell 43 places in the ranking of the World Economic Forum on Competitiveness. In 2011 it ranked 91 out of 142 countries, while in 2003 it was at position 43.
The 2009 Index of Economic Freedom: El Salvador 33 in the world, Costa Rica 46, Panama 55, Nicaragua 84, Guatemala 87, Honduras 91.
The 2009 Index of Economic Freedom, produced by The Wall Street Journal and The Heritage Foundation, covers 183 countries across 10 specific freedoms such as trade freedom, business freedom, investment freedom, and property rights.