Financing for Development in El Salvador

Paper Summary:

This paper looks at how poverty has affected El Salvador and examines the different ways that the government is trying to improve the country's international standing. An in-depth overview of the country's economic history is given in order to give the reader a good understanding of the factors that have contributed to the current crisis. Some of the issues discussed include confronting the challenges presented by the debt the country has become burdened with over the past decade and financial sector reform and resource mobilization. The author also looks at how the government of El Salvador, with the help of many in the world community, has attempted to address many of the systemic issues that the country faces.

From the Paper:

"The World Bank, through its Country Assistance Strategy (CAS), have been supporting emergency and basic health care facilities, judicial reform, rural community development, environmental services and land administration in El Salvador. It also provides for possible support for education, local development, urban poverty reduction and to help youth at risk. World Bank loans and technical assistance will be complemented by support from the IFC, aimed at helping Salvadoran industry gain access to finance to improve its competitiveness. This has been accompanied by structural reform initiatives by the government, including trade liberalization, financial sector strengthening, re-privatization of state-owned financial institutions and other enterprises, pension reform and the improvement of the competitive environment for private investment."

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