Government of El Salvador boosts economic growth with increased investments

The Government of El Salvador continues to implement key strategies to foster economic growth, focusing on investment attraction, economic diversification and trade facilitation as part of its Economic Plan.

The Minister of Economy, María Luisa Hayem, highlighted the positive performance of the salvadoran economy, noting that the country has been able to attract investment from various sources. According to Hayem, the stability and security promoted by the administration of President Nayib Bukele have been determining factors for companies such as Nestlé, Bimbo and Telus to decide to expand their operations in El Salvador. She also mentioned outstanding projects such as the US$52 million investment in Usulután and the opening of new PriceSmart service centers in San Miguel and Santa Ana.

The construction sector is also booming, benefiting from the growth in tourism. Hayem explained that improvements in security have generated confidence in investors, who now consider the country a favorable destination for their business. “We can say with confidence that our economy is performing positively. In tourism we are positioned as the third fastest growing country in the world, which has directly benefited other sectors”, she said.

The official also highlighted the impact of the Law for the Promotion of Innovation and Technology Manufacturing, which has allowed the evaluation of 34 companies to access legal and tax benefits. This law seeks to consolidate El Salvador as an attractive country for technology and innovation.

Economic growth is reflected in various sectors, with a particular focus on attracting investments that generate jobs and contribute to the country’s development. “Thanks to President Bukele’s vision, we have laid the foundations for a prosperous future, with more opportunities for the population”, concluded Hayem.

With these actions, El Salvador is positioning itself as a model of economic development in the region, driven by sound policies that seek to maximize the country’s potential in key sectors.