According to the General Statistics and Census Directorate (2005 data), 99.6 percent of businesses, 47 percent of domestic sales and 36 percent of jobs in El Salvador are generated by micro, small and medium enterprises (MSME). Under the Partnership for Growth Presidential Initiative, the SME Development Program works with both government and private sector institutions to helps small and medium enterprises in El Salvador have greater access to business development services, increase productivity and competitiveness, and expand operations in local and export markets.
Taxes provide income that the government needs to invest in education, health, infrastructure, and other social programs. Thus, in order for all Salvadorans to benefit from the income generated by trade and economic development, an efficient and fair tax system is essential.
Private and public sector investment in cacao has been largely absent because of the severely limited access to genetic material and lack of production knowledge. El Salvador has a unique opportunity to reactivate cacao to mitigate slow economic growth, climate change, and plant diseases, such as coffee rust.
Higher Education for Economic Growth project builds partnerships between industry sectors and higher education institutions to develop demand-driven educational programs and research, as well as to train highly qualified faculty members to build professionals who contribute to industry growth and productivity and stimulate economic and social development.
Currently, Salvadoran youth living in municipalities with high crime rates have twice the chance of being unemployed than the rest of the population. However, if these youth are successfully integrated into the workforce, their collective potential could significantly boost economic growth in El Salvador as they become fully qualified and productive citizens.
Last updated: November 07, 2016