In the first projects that are planned to be developed as part of the plan, around $116 million will be invested in construction works, vehicle purchases and other things.
The first investments will be made in seven departments, and the province to which the most resources have been allocated is Quiché, which will receive an investment of $46 million.In this region, 43 projects will be implemented, including the construction of a service center and the acquisition of garbage trucks.
"We, at this moment in time, do not believe that these recommendations should be promoted because we are carrying out a series of readjustments that we believe are more relevant".
The Sanchez Ceren administration has ruled out addressing the recommendations made by a mission from the International Monetary Fund to correct the wrong direction of the Salvadoran economy.
Report of Costa Rica´s performance, through the selection, measurement and evaluation of a set of variables that include social, economic, environmental and political aspects of development.
Overview of the State of the Nation Report 2015:
In the past five years, the State of the Nation has warned about the severity of the problems that threaten the sustainability of human development, the political system's inability to find answers and the need to correct the country's course. Therefore, in 2011 it was stated that behind the political and economic stability a wearing down of Costa Rica's historical progress could be detected. In 2012 the absence of solid progress was noted and in 2013, the existence of myths about the "country we are," which led to do the same actions being repeated with different results expected. Last year, the Twentieth Report stated that it was the end of an era and the political system was being called on to lead the transition with minimal confrontation and costs for the weaker groups.
In Costa Rica teachers at the National Institute who trains technicians, are preparing to teach classes on "social solidarity economy" under the concept that "private businesses have little or no critical concience about workers".
EDITORIAL
Private companies are wary of the recent inclusion of concepts related to cooperatives and unions in the educational programs at the National Institute of Learning, whose main objective is the teaching of technical skills, and whose resources come mainly, with 80%, from the private sector.
The Fourth State of the Region Report examines the society, demography, economy, environment, and political integration of the seven Central American countries.
The Fourth State of the Region report is divided into four sections and ten chapters.
The first section is entitled "Regional Overview", and its main purpose is to track recent developments in Central America based on a platform of comprehensive and current indicators.
The report underscored the importance of persevering with the process of fiscal consolidation and public debt reduction, while protecting investment and social expenditures.
IMF Mission Visits Nicaragua to Conduct Seventh and Last Review of the Extended Credit Facility Press
Release No. 11/331 September 13, 2011
A mission from the International Monetary Fund (IMF) visited Managua during August 30–September 9 to discuss policies in the context of the seventh and last review of the Extended Credit Facility (ECF). At the end of the mission, Mr. Marcello Estevão, mission chief for Nicaragua made the following statement:
For 2011, improved prospects for external and domestic demand are expected to lift output growth, although high global fuel and food prices will increase inflation and the external current account deficit.
IMF Completes Second Review Under Stand-By Arrangement for El Salvador
Press Release No. 11/107
March 31, 2011
The Executive Board of the International Monetary Fund (IMF) has completed its second review of El Salvador’s economic performance under a program supported by a three-year Stand-By Arrangement. The decision was taken on a lapse of time basis (a process where the Board agrees that a proposal can be approved without convening formal discussions). The arrangement was approved on March 17, 2010 in the amount of SDR 513.9 million, equivalent to 300 percent of the country’s quota in the IMF (see Press Release No. 10/95). The Salvadoran authorities are treating the arrangement as precautionary.
El Salvador is not an easy country to govern, but despite all the difficulties faced during his presidential term, Mauricio Funes has the support of 79% of the population.
That makes him the most popular president in Latin America and this despite the fact El Salvador has the highest murder rate in the world and despite the fact its economy shrank 3.6% during the global economic crisis.
The $13 billion budget presented to the General Assembly is almost $2.5 billion more than in 2010.
The article in Laestrella.com.pa reports that Panama's Minister for Economy and Finance, Alberto Vallarino, commented that, "of the $13 billion state budget, almost $6 billion (46% of the total) will go towards social welfare projects including the National Development Convention and fund sectors such as health, education, housing, transport, tourism as well as small and medium sized businesses".
The main productivity issue in Latin America is that countries spend too many resources in small, underproductive companies.
In the 1960s, Latin America had a per capita income of 25% of that of the United States, but it has dropped to 16%. On the contrary, several Asian nations that had in 1960 much lower incomes than the region are now joining the ranks of high income countries.
An analysis by the IMF of a letter of intent from the government of Costa Rica, detailing plans and policies for 2009.
The government of Costa Rica is committed to implementing a prudent monetary policy and greater exchange rate flexibility to support necessary external adjustments, pointing to a gradual decline in inflation.
Fiscal policy will focus on cushioning the effects of a rapidly slowing economy, including the need to provide protection to the most vulnerable social sectors.
Democracy, education, jobs and public safety, as well as poverty, social inequality are some of the main challenges facing Nicaragua.
Government representatives such as the president of the Central Bank of Nicaragua (BCN), Antenor Rosales, admitted that the "absence of a true national model adopted by a wide cross-section of the Nicaraguan society, the inadequate results from models applied in the history of our country, demonstrate the urgent need for the adoption of a consensus model to eradicate poverty and reduce inequalities."
An economy will function adequately when there is an operational framework for the market and the private sector, says an Argentine economist during a recent visit to Guatemala.
Marcelo Resico, an economist with the Catholic University in Argentina, said the social economy of the market should focus on the principals, institutions and concrete economic policies that are based on the central idea that the concepts of liberty, solidarity and subsidiarity are complementary.