El Salvador
Financing for Development in El Salvador
Confronting Debt Challenges
El Salvador is the smallest country in Central America. It has a limited natural resource base. About 60% of the population live in rural areas and over 80% of agricultural producers work farms of less than 3 ha. With social indicators among the worst in Latin America and a per capita income of U.S.$1,580 in 1995, it also ranks as one of the poorer countries in the region.
Since 1992, the World Bank has supported the government of El Salvador's strategic effort to consolidate peace and place the country on a path towards sustainable development. Currently, eight loans are under implementation worth a total of U.S.$298 million.
In December 2001, the World Bank announced the new assistance strategy up to $270 million to El Salvador over the next three years. This includes a $142.6 million Earthquake Emergency Reconstruction and Health Services Extension Project. The loan carried a seven-year maturity with five years grace.
Like in all poor countries, debt has become a serious problem for El Salvador. It is not the only problem but, as long as it exists, peoples and their governments will find it exceedingly difficult to...
Income Disparity and Development in Latin American Countries The income disparity in the Latin American countries is the largest in the world and has a dramatic and complex impact on the development of these countries on many related levels. As one commentator states, "Inequality is as Latin American as good dance music and magical-realist fiction. Like those other regional products, it thrives." (Inequality in Latin America. A stubborn curse.) Statistics from the
For the first time in many years, nations like Japan can no longer guarantee employment for their large population and they must consider a new welfare option. These are all economic situations that are new and indicate that population has an adverse affect on the world economic policies. Conclusion This report aimed to discuss some of the relationships between population growth and economic development. Economic growth will continue to be an
Mexico Economic and Political Situation in Mexico In recent years, the economic and political situation in Mexico has fallen under international scrutiny, and as a result, critics have analyzed the country's policies toward exchange rates, foreign trade, domestic monetary systems and foreign policy. Mexico currently operates under a free market economy that contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded
Growth Within a Country The issue of development and growth within a country or across countries is such that attracts that attention across board. There are screaming headlines of different economic measures taken by economists and financial analysts of countries concerned. Tracking and recording growth in any country or comparing growth amongst country necessitates using diverse measures. Many measures in the name of models have been propounded of which some
The Asia-Pacific Economic Cooperation (APEC) was started on January 1989 by Australian Prime Minister Bob Hawke when he called for better economic cooperation within the Asia Pacific Region. Currently, the organization has 21 members including, Australia, Japan, Singapore, and United States. At the Bogor summit, APEC started discussions regarding the "Bogor Goals" which aims to reduce tariffs between zero and five percent in industrialized countries by 2010 and developing countries
Mexico's Trade Strategy Mexico has pursued a three-dimensional trade strategy perhaps more diligently than even the United States according to Schott (Studer & Wise, 2007). Mexico has been an active participant in multilateral talks since its GATT accession in 1986 and was the host country for the special Summit of the Americas in Monterrey and for the hemispheric trade talks in Puebla. Mexico is perhaps most famous as the instigator of
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now