In a recent announcement by President Bukele to reduce the administrative division of municipalities from 262 to 44, El Salvador has become a more appealing destination for investments. Clear rules, legal and citizen security, as well as strategic planning, are among the advantages that the country now offers, according to Presidential Commissioner of Strategic Projects, Cristian Flores.
Flores stated that investors have positively received the president’s decision, which was made public on June 1st. This move by the Salvadoran government demonstrates the country’s efforts to become more agile. Flores emphasized that “a state burdened with costs and excessive bureaucracy provides opportunities for corruption. Therefore, President Bukele’s announcement generates confidence and optimism both locally and internationally.”
The commissioner added, “When any investor sees that El Salvador now has a strategic national plan, it is very different from having a presence in a country where one has to deal with a mayor from each municipality. This decision brings efficiency and ends isolated administration.”
Flores also highlighted the impact of the government’s security measures as another motivating factor for foreign companies to relocate operations and capital to El Salvador. He pointed out that “when entrepreneurs not only see investment opportunities, legal guarantees, and citizen security but also witness the progress of the Territorial Control Plan (PCT), they feel confident in coming to El Salvador. Security promotes revenue and allows businesses to thrive.”
Moving on to other matters, Commissioner Flores confirmed that the government’s strategic projects are progressing, with the Pacific Airport and the Pacific Train entering the preliminary stages of construction. He stated, “Regarding the timeframe, what I can say is that we will see the beginning of these projects during this administration, and hopefully, their completion in a second term.”
Flores emphasized that the objective is for these developments to become assets for the Salvadoran state, serving as an economic and developmental model for the country.
With the reduction in administrative divisions, the government’s focus on security, and the advancement of strategic projects, El Salvador is positioning itself as a more attractive destination for investments. The efforts to create a streamlined and efficient business environment, coupled with a commitment to long-term planning, instill confidence among investors and pave the way for economic growth and development in the country.