www.ebizguides.com
72
Investment & Legal Framework
Activity: Social, Economic, Legal and Environmental
Studies
Date of Creation: 1983
Employees: 150
Created in 1983 by a large number of independent
and professional entrepreneurs, FUSADES is a non-
profit organization that has never received subsidies
from the state. Its objective is to improve social and
economic conditions of Salvadorans through social,
economic, legal and environmental studies that
influence government policy.
Founded with USAID funds, its own equity is derived
from the the sale of Promotion Program to Small and
Micro Enterprises (PROPEMY) and funds received
from international organizations such as World Bank
and Inter American Development Bank (IDB).
FUSADES is the cradle of national thought, the place
that creates fundamental programs for the country,
whichhave resulted in the creation of theEnvironmental
Ministry; it was a pioneer in the promotion of the country
and inspired the creation of the Free Zones, Solidarity
Network, The Transparency Law and many others.
It is a consulting foundation for state debates, such
as the recent tax reform, where its studies are taken
into consideration or over the incipient “Free Trade
Agreement” with Europe. This “Think Tank” reunites
the best experts in the country in its Economical
and Social Studies Department (DEES); the Legal
Studies Department (DEL), and environmental. It has
development centers that work to promote progress
in El Salvador such as the Promotion Program for
Investment and Export Diversification (PRIDEX); the
Strengthen Social Action Program (FORTAS); the
Integral Quality Laboratory (LCI), or the Promotion
of Technological Innovation of Small and Medium
Enterprises (PROINNOVA).
“I want to invite investors to come to this wonderful
country where its richness lies in its people who are
hard-working and loyal to their employment, with a
great work ethic. It has laws that favor investment
and exports besides, beautiful places where
investors can enjoy themselves in their free time.”
Lic. Emma Arauz, Director of the Promotion
Program for Investment and Export Diversification
(PRIDEX) from FUSADES.
MINISTRY OF ECONOMY
Héctor Miguel Dada Hirezi
Minister
Alameda Juan Pablo II y Calle Guadalupe,
Edificio C-1, Centro de Gobierno, San Salvador
Tel: (+503) 2231 5603 - Fax: (+503) 2221 2797
hdada@minec.gob.sv / www.minec.gob.sv
Activity: Ministry of Economy
Turn over: $41 million USD for 2010
As part of the 2009-2014 government program
called “Change in El Salvador, for better living”,
the management of the Ministry of Economy will
be guided to promote the equal and sustainable
economic development that is compatible with
democracy. It seeks to generate positive conditions in
which to strengthen competitiveness in all productive
areas and to introduce our country to the international
economy. The widening and diversification of
our business base, improvement of our business
atmosphere, stronger productive capabilities for
small and medium sized companies, and proper
functioning of domestic markets are some of the
targeted goals so that Salvadorans can have a better
quality of life and more economic opportunities.
TheMinistryofEconomywill facilitate thedevelopment
of economic activities through the principles of this
government: responsibility, honesty, transparency,
efficiency and orientation towards results.
This commitment has been developed around 6
points:
• Promote in depth Central American integration
through the consolidation of the custom union as a
stimulant to economic growth.
• Expansion and reconversion of the business base,
identifying new opportunities in different economic
sectors and in new geographic areas.
• Explore and develop new markets abroad.
• Strengthen and regulate the domestic market to
promote underdeveloped sectors and areas, and a
more efficient distribution of benefits if necessary.
• Contribute to regional development through the
creation of logistic zones in harbors and airports.
• Strengthen the Ministry of Economy to guarantee
the transparency and agility of their procedures and
services.
Some of the priorities in resource applications:
The 2009-2014 budgets will be used in regional
participation and extra regional commercial
negotiations. Moreover, the Ministry will promote
the negotiations within the World Commerce