Wednesday, 09 September 2020 20:45

BANDESAL regrets the blocking of the US$600 million destined to the trust for MSMEs

Written by Sandy Velasco

The President of the Development Bank of El Salvador (BANDESAL), Juan Pablo Durán, regretted that the Legislative Assembly continues to block the US$600 million destined for the trust fund for micro, small and medium enterprises (MiPymes), affected by the Covid-19 pandemic.

Durán said that the Government warned from the beginning of the pandemic of the effects it would generate, and therefore the trust was created to support the business sector. However, the deputies continue to block it and refuse to inject the resources that will benefit the population.

"It cannot be possible that by a whim or partisan interest they are generating a crisis situation for sectors that have been strongly impacted by the pandemic, and that require an immediate response", said Durán.

Durán said that the Government has the necessary instruments to attend the MSMEs, however, it requires the approval of the Legislative to make available, immediately, the funds for this sector.

"This should not be a partisan issue or one that smells of elections. There are thousands of micro and small businesses waiting for the help of the trust".

The head of BANDESAL emphasized that the Executive anticipated the effects that Covid-19 would generate in the economy of the micro and small businesses, with the creation of the trust; however, the effort has not been accompanied by the deputies.

Durán warned that, if the resources for the trust are not approved this week, "our business community will be severely punished" and there will be a risk that companies will close. For this reason, he urged the deputies to divest themselves of party interests and agendas and work for the benefit of the population.

"There is very bad will and a very bad way of being opposition. Our government is going to convey the truth to the population. You are hurting yourselves and the population”, he told the deputies.

Regarding the work of the entity he leads, Durán highlighted the creation of the Business Training Center, which will be inaugurated this month. It is projected to become a Central American icon. In addition, he added that they have provided training to many entrepreneurs, through a virtual classroom for better development of their enterprises.

Last modified on Wednesday, 09 September 2020 20:49