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Latin America Investment News on Viva Tropical

El Slavador Pins it Future with the United States and Joins Associates for Growth

Article Summary:

El Salvador is the first country chosen by the United States to sign the agreement and joint action plan known at Asocio por el Crecimiento. This U.S. program aims to generate a greater impact on economic growth and inclusive development and sustainable development of recipient countries.

Photo Credit: El Mundo

Original Article Text From El Mundo via Google Translate :

Lists Asocio Short-Term Goals For Growth

The Government of El Salvador (GOES) and the United States and defined the short-term goals to be met in the first instance the Asocio for Growth. Among the immediate goals are to make successful grant Cutuco port in La Union and the implementation of a safety training program, all under the supervision of U.S.

The executive knows the anxiety of society in the early reduction of the levels of violence as well as improved economic situation, for this is that the Technical Secretary of the Presidency, Alexander Segovia, warned that there are structural problems, hard, be overcome in the short term.

Hence the monitoring programs implemented Goes and transparency of Asocio for growth, because that’s the only way to ensure the success of U.S. aid.

In defining the goals of the U.S. program, was present I associate coordinator for growth from the U.S., Eric Postel, who stressed that his country’s support is not monetary, but in support and technical advice in the implementation of programs that will help overcome the obstacles of long and sustained growth of the country. Both countries established 20 goals to meet, each with two indicators. The action plan identifies Asocio and aim to exceed, within five years, crime and insecurity, and low productivity in the tradable sector.

Currently, the country’s economic growth is 1.4%, the lowest in Central America and the daily murder rate is 12 murders per day, one of the highest in Latin America.

“The goal of the five years is that, on the side of safety, turn El Salvador into a safer country, and on the productivity side, is to turn El Salvador into a more productive and more efficient at internationally, “said Segovia.

At this point, Postel added: “America will provide assistance for El Salvador to progress in overcoming these problems and to improve infrastructure and strengthen networks of small and medium enterprises.”

With U.S. support program was created Growth Council, comprising government and private enterprise. This organization aims to help overcome the problems of insecurity and low productivity.

First country to sign Asocio
El Salvador is the first country, three chosen by the United States (the Philippines, Ghana and Tanzania), to sign the agreement and joint action plan. This U.S. program aims to generate a greater impact on economic growth and inclusive development and sustainable development of recipient countries. The commitment of the parties is that I associate with, be improved and deepen democracy and human rights.

The U.S. Agency for International Development is one of the entities that will be fully in the development of Asocio for Growth.

THE ASSOCIATED FOR GROWTH
WHAT IS IT?
It is a technical assistance project that seeks to overcome two obstacles to the growth of the country: low productivity and insecurity.

FLEXIBILITY
The Asocio is flexible and will be reviewed annually, in order to make corrections and adjustments for subsequent application, agreed by both Governments.

ACCOUNTABILITY
The Government defined two account abilities. One will be held before the end of the current administration and the second half of the next administration.

Link to Original Article:

From El Mundo

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