Wednesday, 21 February 2024 02:39

Congressmen tested budget for the country's Coastal-Sea Beltway

Written by Karla Gutiérrez

A second approval made by the congressmen was the reform to the National Budget Law 2024, in the branch of Economy, with which they intend to incorporate resources destined to finance investment projects, for a value of US$311,653 from external loans from the Inter-American Development Bank (IDB).

The program to be executed, with the endorsement of 73 deputies, has been denominated "Productive Corridors Program - Components I, III and IV". This plan will be developed by the Ministerio de Economía (MINEC), with the objective of transforming the country's Coastal-Marine Strip.

These resources assigned to MINEC are composed of three factors: productive development for the competitiveness of Micro, Small and Medium Enterprises (MSMEs); the promotion of sociability for small entrepreneurs; and institutional strengthening.

The general objective of the program is to contribute to the economic growth of the municipalities prioritized in the Coastal-Marine Belt (FCM) by strengthening MSMEs. All this will be done through support instruments for entrepreneurship, environmental management and public policies.

The interventions of this project, which will help strengthen general, productive, and marketing capacities, will be located in the coastal zone, in the departments of La Unión, Usulután, and Sonsonate.

According to the analysis, the program will directly benefit 2,740 MSMEs and indirectly benefit a total of 1.4 million inhabitants of the coastal strip of the departments.

 

Translated by: A.M