El Salvador: National Council for Growth Established

Comprised of businesspeople and government officials, the Council aims to foster a climate of trust, communication and collaboration between government and business.

Thursday, November 10, 2011

A press release from the Presidency of the Republic of El Salvador states:

Today the President, Mauricio Funes, assembled the National Council for Growth, made up of prominent business and government officials, at the Presidential Palace, as part of the goals of the Partnership for Growth (PAC) Action Plan, signed by El Salvador and the United States last November 3.

As a strategy to overcome the obstacle of low productivity in the trade sector, the PAC Action Plan intends the creation of the National Council for Growth to promote an atmosphere of trust and improve the business climate and investments in sectors or activities considered strategic.

More on this topic

El Salvador: Economy Adrift

September 2011

Businesses from the National Development Foundation (Funde) indicate that, after two years of rule by Mauricio Funes, the country’s economy lacks clear direction.

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. "

Development Strategies Analyzed

December 2011

50 specialists discussed in Costa Rica the future of planning and development in Latin America in the seminar "Visions of the Country: Social Dialogue and Democratic Strengthening "

A press release from the Foundation for Peace and Democracy reads:

The regional director for Latin America and the Caribbean from IDEA International, Daniel Zovatto, inaugurated an International Workshop entitled ‘Visions of the Country: Social Dialogue and Democratic Strengthening’ on December 8 at the Real Intercontinental hotel in Costa Rica.

Praise for Ortega's Economic Policy

June 2011

Nicaraguan businessmen say that "the economic engine is the private sector " because it "generates 93% of employment and 83% of the gross domestic product "

An article in Informe Pastrán, reported that the president of the superior council for private enterprise (COSEP), José Aguerri, made this statement during an interview with AFP.

Panama as seen by FMI

July 2009

Panama is facing the global financial crisis from a position of strength, reflecting several years of rapid economic growth and fiscal consolidation, as well as a strong banking system.

Although the spillovers have thus far been limited, some strains are becoming evident.

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