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
Legislation to strengthen the Salvadoran Export Promotion Agency (PROESA) was passed by the Legislative Assembly in April. This legislation establishes PROESA as a semi-autonomous institution with a mandate to promote and develop investment, exports, and public private partnerships (PPP). PROESA continues to build its internal capacity in preparation for overseeing PPP development, but a permanent Executive Director of PROESA was not named during this reporting period. With support from the Inter-
American Development Bank (IDB), PROESA has begun the development of a country image strategy aimed at improving El Salvador’s international reputation. The International Financial Corporation (IFC) has continued its work with the Growth Council on reforms to improve the business climate. As part of an effort to improve corporate governance, the IFC delivered a diagnostic report on reforms to strengthen minority stakeholders rights. At the municipal level, IFC officially launched the subnational Doing Business in El Salvador project that will include San Salvador, Santa Ana, San Miguel, and
Soyapango. Additionally, 40 of the 50 Municipal Competitiveness Committees assisted by the USG are engaging in public-private dialogues to improve the local business environment. Foreign direct investment as a percentage of GDP decreased to 0.6 percent in 2013 from 2.2 percent in 2012. On the Future Brand’s Country Brand Index, El Salvador improved its position to 107 of 118 countries in 2012-
2013 from 109 of 113 countries in 2011-2012 (as reported in the previous Scorecard.


On track 12. reduce overcrowding in prisons behind schedule
Goal 1-2: professionalize and improve the effectiveness of justice sector
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
Goal 7: promote a national dialogue on actions to improve citizen security in el
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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