El Salvador: Economy Adrift

With an eye on the threat of a new global recession, the government is being accused of failing to take advantage of the surge in tax revenues and remittances from abroad to do work "that will generate productivity, instead of the contrary, spending all its income on subsidies and salaries for public employees. "

The economy of El Salvador is also being severely affected by rising levels of insecurity and crime, distrust in political stability, and lack of incentives for investment.

"The executive director of Funde, Roberto Rubio, said that while other countries are working on attracting investment and making preparations, including for another recession, the Salvadoran government still doesn’t have a concrete plan for the economy ‘At least, there is no plan that we know of’”

Source: elsalvador.com

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