US Ambassador Praises El Salvador’s Potential for Foreign Investment

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By LatAm Reports Staff Writers

In a message on social media, Ambassador William Duncan praised El Salvador’s current conditions

El Salvador “offers great potential to investors who seek to bring their operations closer together and enter growth sectors,” the U.S. ambassador to the country, William Duncan, said Wednesday in a message spread on social media.

The message posted on the U.S. Embassy account in San Salvador says that “conditions such as security, competitive advantages, enabling business climate and attractive incentives facilitate this investment.”

“It’s time to build growth by investing in El Salvador,” the embassy stresses.

El Salvador has suffered for decades difficulties in attracting foreign investment and is usually one of the least received in the Central American region. Nayib Bukele’s government has bet on improving security as a mechanism for attracting more investment.

Net foreign direct investment in El Salvador in the first quarter grew by 8.8 percent, after surpassing $176.29 million, according to a report by the Central Reserve Bank (BCR). Income from foreign capital rose $14.33 million compared to $161.96 million reported in the same period of 2023.

This article has been translated after first appearing in Diario El Mundo