As a result of this work, 2023 closed with very positive economic figures, highlighted, today, the head of the ministry of Economy, María Luisa Hayem, also reaffirmed the commitment of this administration so that the favorable behavior continues and is sustainable over time.

"We are seeing an economic growth that, for the third consecutive year, is higher than the 2.1% that was the average growth rate in the past 30 years", she said.

The official said that, currently, there is greater production and industries that were already operating are expanding and generating more employment in the territory. In view of this, she assured that several initiatives are being implemented to continue this path of growth with solid foundations.

"Now, El Salvador has this government with experience, almost five years of work. We have implemented successful projects. Now, we have the mission to continue with that development, based on plans that have been established and with financing from multilateral organizations that have believed in and support El Salvador", he remarked.

Hayem recalled that, in the past, one of the great barriers to the country's economic growth was insecurity, a scourge that has been eliminated. The other great challenge was red tape, which has been reduced, to facilitate the establishment of companies in the country.

Through the coordinated work of 10 government institutions, these barriers were analyzed, and unnecessary procedures were eliminated. This has generated a reduction in costs and time for companies.

This, beyond the positive impact that the companies benefiting from these measures are having, sends the message that the Government of El Salvador is efficient and is on the way to digitalize all processes.

Translated by: A.M