El Salvador
Government Announces Stimulus Plan
On 1 June, Mauricio Funes was sworn in as President. In his inauguration speech, Funes announced a US$ 475 million stimulus plan, focused on the creation of new jobs and on support to small and medium enterprises. The President also announced measures against poverty, in particular an extension of social protection programs and the construction of housing for the less wealthy. Meanwhile, the Inter-American Development Bank (IDB) extended a new US$ 500 million credit line to the government, which will partly be used to finance the stimulus package.El Salvador:
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Published on 09 June 2009:
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