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Latin America Investment News on Viva Tropical

El Salvador Readies Investment Law Package

Article Summary:

Salvadorian government officials are preparing draft laws on insolvency, real estate collateral, and electronic signatures following a negative report by the World Bank on the country’s ability to attract investors.

Original Article Text From El Mundo via Google Translate :

The Government Readies Three New Laws

The Government has prepared a package of draft laws to influence and improve the business climate in El Salvador.

Vice Minister of Commerce and Industry, Armando Flores, said that in coming weeks be presented for consideration by the Legislative Assembly the draft laws of insolvency, real estate collateral and electronic signature.

Flores explained that several weeks discussing this and if the proposals are part of the rules of the nation, achieve reverse the negative trend that has the country in Doing Business.

He said he works to improve some indicators of the ten indicators of the World Bank survey.

The Government is working to improve close rates of enterprise creation and business borrowing. “We already started implementing the action plan. This is not just theoretical: are ongoing initiatives to improve the business climate, “said the deputy minister.

He asked support for the new Legislature to approve the proposals, once submitted.

Link to Original Article:

From El Mundo

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