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Latin America Investment News on Viva Tropical

El Salvador Lacks Clear Rules for Investors

Article Summary:

Plagued with both a dim economic and political outlook, El Salvador must challenge itself to provide greater legal certainty for investors in all areas, including construction, if the country wishes to compete with its fast-growing neighbors on the Isthmus.

Photo Credit: Cdodev

Original Article Text From El Mundo via Google Translate :

Reiterate the Lack of Clear Rules for Investors

As part of its monthly lectures, the Salvadoran Chamber of Construction (Casalco) yesterday discussed the economic and political outlook of the country and reiterated that the challenge remains to provide greater legal certainty for investors in all areas, including construction.

“This requires reforms to the Law on Procurement and Contracting Public Administration (Lacap), create strategies to strengthen the Road Maintenance Fund (Fovial), more efficient permitting and encouraging the demand for housing in the country, “said Carlos Guerrero, president of the union.

The Casalco expected to achieve growth sector, provided that receive government support for the building of new homes, which would generate greater economic dynamism.

Due to the economic crisis, the sector lost an estimated 10,000 jobs, but insisted that if the government meets its proposals would generate an average of 20,000 jobs.

Link to Original Article:

From El Mundo

Latin America Investment News on Viva Tropical