Partnership for growth el salvador united states


Goal 5: Support a strategy for attracting and promoting FDI and making El



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Goal 5: Support a strategy for attracting and promoting FDI and making El
Salvador a more attractive place for foreign investment. The measures described
are aimed at streamlining the establishment of operations for potential investors
and simultaneously focusing on scaling up efforts to promote and attract
investments.
Behind Schedule
T he GOES, in collaboration with the USG, is committed to strengthening El Salvador’s export and
investment promotion agency, PROESA, both in terms of management and operations, to make it more
responsive to the government's current growth strategies. To this end, the USG hired consultants to
design a project aimed at improving the Salvadoran business climate, with a specific focus on investment
and export promotion. The GOES believes the results of the study will better define the operational and
organizational structure of PROESA and ultimately lead to a more informed appointment of an executive
director for the institution. The results of the consulting engagement will also contribute to the drafting
of legislation currently in development to strengthen PROESA as an independent government agency.
The GOES proposal submitted to the MCC fora possible second compact included measures to
strengthen PROESA inline with the outcomes of the consulting engagement. In October, the Technical
Secretary to the President launched The New Cycle for Development, Investment and Employment" as a
strategy to address the low levels of private investment in the country. The GOES, in order to improve
the business climate, eliminated the need for eight investment procedures across three institutions. The
first indicator for this goal is foreign direct investment as a percentage of GDP, which in 2012 is
estimated to reach 12%, representing a decrease compared to the 2011 level of 17% (Central Reserve



-9-

Bank). The second indicator is El Salvador’s ranking in the FutureBrand "Country Brand Index" which for
2012-2013 was 107 out of a total of 118, an improvement over 2011-2012 when it was 109 out of 113.


On track 12. reduce overcrowding in prisons on track
Constraint 1: crime and insecurity
Goal 2: improve the effectiveness of the criminal justice procedures and practices
Goal 3: reduce the impact of organized crime on small and medium businesses,
Goal 4: facilitate economic growth by ensuring el salvador’s labor force is
Goal 5: remove assets from criminal organizations and fund and support security
Behind schedule
Goal 8: assist at-risk youth between ages 16-25 through efforts to afford them
Goal 9: support the pnc to strengthen its service orientation as a means for
Goal 10: improve educational opportunities for in-school and out-of-school youth
Goal 11: prevent crime and violence in key municipalities of el salvador and
Goal 12: reduce overcrowding in prisons, thereby allowing the salvadoran prison
Salvador, and help former offenders become full, contributing members of
Constraint 2: low productivity in the tradables sector
Goal 2: reduce firms costs due to infrastructure to improve their
Goal 3: improve the quality of the education system in order to create a more
Goal 4: raise (net) tax revenues to 16 percent of gdp by 2015 and use public



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