Mauricio Funes Government Politics Salvadorean Association of Private Enterprise (El Salvador) Economics business association Honduran National Business Council International Commerce business strategies reforms tax reform Aline Flores Amilcar Bulnes Asociación Nacional de Industriales (Honduras) Business and Investment

An Agreement For Equity in El Salvador

Government and private enterprise agreed on creating a market economy that generates wealth and distributes it equally.

Wednesday, January 27, 2010

©image: Scott Maxwell

At the tenth edition of the National Encounter of the Private Enteprise (ENADE), which is organized by ANEP, the country's businessmen dialogued with President Mauricio Funes. They demanded greater certainty as to where the country is headed, less red-tape and permanent stability, regardless of the current administration. They also warned on not reviving failed ideologies or sustaining useless discussions.

In turn, president Funes committed to "creating a solid alliance between the private sector and the State", based on a modern wealth distribution scheme.

From Elsalvador.com: "Funes called businessmen to protect freedom and promised to strictly respect the rules of the game in order to entice more investment and employment, while big companies stated their intention of collaborating with the Government to make the country grow .... there was optimism in the air".

Source: elsalvador.com

Key entities

Mauricio Funes Salvadorean Association of Private Enterprise (El Salvador) Juan Federico Salaverría Ricardo Poma Felipe González Roberto Kriete

Insight

businessmen role business strategies social agreement business conference business association Politics Government Development

Salvadoran Businesses Object Fiscal Reform

October 2009

ANEP, the Private Enterprise Association warned the proposed tax reform would impact negatively on consumers.

Federico Colorado, ANEP President, said: "In our opinion, in times of crisis we must study how to make the economy more dynamic, make it grow and analyze how to boost the diverse productive sectors".

Franchises of Political Models

November 2009

Latin American businessmen are proposing franchising a 'political-corporate' development scheme to counter the prevailing 'Chavez model'.

Panama's new government, headed by successful entrepreneur Ricardo Martinelli, might be an example of the political model proposed by the latest CEAL Assembly (Latin American Business Council).

The New Salvadoran Economic Team

May 2009

Federico Colorado, president of the National Association of Private Enterprise, welcomed the appointments announced by the president-elect.

Economist Alexander Segovia will be technical secretary to the presidency, legislator Héctor Dada Hirezi will be Minister of the Economy, economist Carlos Cáceres will be Finance Minister and economist Carlos Acevedo will be president of the Central Bank.

El Salvador Confirms "Drawback" Elimination

September 2009

On January 1st 2010, the "Drawback", a 6% incentive granted by the Government to exports, will be terminated.

This was announced by President Mauricio Funes, who added that the measure was agreed with exporting companies and the National Association of the Private Enterprise (ANEP).