The Salvadoran government, together with the private sector, officially launched the Investment Facilitation Committee this Thursday, a new body designed to attract private capital and improve the country’s business climate. The initiative positions El Salvador as a more competitive destination for both national and foreign investment.
According to the Secretariat of the Presidency’s Press Office, the committee brings together 10 public institutions, including the Secretariat of Commerce and the ministries of Economy, Foreign Affairs, Agriculture, Finance, Tourism, and Environment. It also includes Invest El Salvador, the National Commission for Micro and Small Enterprises (Conamype), and the Central Reserve Bank (BCR).
Business associations and private investors are also part of the committee, among them the Salvadoran Association of Industrialists (ASI) and the Salvadoran Chamber of Textile, Apparel, and Free Zones (Camtex). The Secretariat of Press stated that the committee “improves the business climate, streamlines procedures for national and foreign investments, and supports investment promotion across all economic sectors of the country”.
The legal basis of the committee was established through a decree issued by the Ministry of Economy (Minec) in July 2024, published in the Official Gazette. The decree defines the committee as a “common forum for strategic exchange between the public and private sectors.” Its functions include developing a strategic investment attraction plan, identifying obstacles in investment processes, and facilitating investor access to public institutions and regulations.
Minec will lead the technical and operational coordination during the committee’s first year, after which leadership will rotate annually among the participating institutions, while the Secretariat of Commerce will remain as the main coordinator. Private sector representatives will be selected from business associations or investors endorsed by the Secretariat of Commerce, with each guild appointing two delegates, a principal and an alternate.