Message from our Vice President
During the past 15 years, three governments committed to strengthening democracy and development have worked together with the private sector to transform El Salvador into a democratic society with an open and transparent economy, receptive of advanced technologies, improved education systems, and a modern and competitive infrastructure.
As a result of the economic and social reforms adopted in the 1990's and continuing today, El Salvador has the lowest inflation and interest rates in the region and no devaluation risk because the country's legal tender is the U.S. dollar. The investment grade ratings granted by Moody's and the Wall Street Journal/Heritage Foundation rank El Salvador as the second most open economy in Latin America after Chile. El Salvador currently has Free Trade Agreements with Mexico, Chile, the Dominican Republic and Panama, and is in the process of ratifying a Free Trade Agreement with the United States.
El Salvador has also achieved success in its privatization efforts in the telecommunications sector, in energy distribution and with its pension funds system. The banking system was re-privatized in the 1990's. The total assets of the Salvadoran banking system today represent one third of all of the assets in the Central American banking system. In addition, El Salvador is strategically located in the heart of Central America, which makes it ideally located to become a regional logistics and distribution center. In 2005, El Salvador began the construction of a new deep-sea port in the Pacific Ocean coastline of La Union, the western part of the country. This port will be the second largest port in the region after Panama, and will be connected by a fast overland route to the Atlantic.
The Salvadoran work force has a worldwide reputation for productivity, loyalty and a strong work ethic, factors that can make a significant difference in the growth of a business.
On behalf of the Government of the Republic of El Salvador, I invite you to explore the many business opportunities that our country has to offer. A team of professional experts in Agribusiness, Call Centers, Distribution Centers, Electronics, Manufacturing, Software Development, Textiles and Apparel, and Tourism, is available to help you establish a successful business in El Salvador.
Come see why El Salvador Works for your investment!
For further information visit the Official Web Page of the Vice-Presidency
of El Salvador
casapres.gob.sv/vicepresidenta