El Salvador's business sector proposes that the administration of Oscar Romero International Airport should no longer be the responsibility of CEPA, and that a new state-owned company should take over.
In a document prepared during the 2019 National Meeting of Private Enterprise (Enade), the National Association of Private Enterprise (ANEP) proposes that the administration of the San Romero international airport be separated from the Executive Autonomous Port Commission (CEPA), before starting the concession process or operation under the modality of public-private partnership.
Why is it that in general public enterprises register losses while private ones normally earn profits?
An analysis of the issue by Rogelio Arce Barrantes in Prensalibre.cr summarizes the situation with the words of the popular [Spanish] saying "If its free, let's party."
Although Arce Barrantes focuses on Costa Rica, the situation can be extrapolated to other Central American countries, where there are state enterprises engaged in various business activities, whether in the production of goods or services.
In light of increases of salaries of mayors and councilors, business leaders in El Salvador are urging the austere and responsible use of public funds.
A statement from the Chamber of Commerce and Industry of
El Salvador reads:
Public servants should not misuse the resources they manage
With the growing fiscal imbalance and severe economic crisis facing the country, we demand that officials in charge of state bodies and municipal councils show greater accountability and transparency in the management of public funds they are in charge of.
Corporatism in Latin American state institutions, especially those dedicated to the production of goods or services, means that its officials are losing sight of the sole reason for their existence, which is to serve the interests of the country and its citizens.
In Costa Rica a public company has rejected a proposal for a fiber optic network project recognizing that "it serves the country, but is not good business for the company."
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...