The 2022 Budget increased the GDP investment in Education to 5.1%, to $1.083 billion. Investment in Health and Security had an increase of almost $900 million.
“Since October 1 we started with the discussion of the budget and invited the entire Council of Ministers to present the 2022 projections. The study was carried out in open doors, facing the population, without obscure negotiations”, stated the legislator.
For her part, Elisa Rosales, said that if the 2022 Budget was not approved, it would affect public investment, in addition to putting at risk projects of benefit to the population, which is why they complied with the Salvadoran people in due time and form.
Different international organizations have recognized the effectiveness of the expansive policies led by President Nayib Bukele, because they have led the country to have a historical performance in formal employment, foreign trade and in the expansion of sectors such as renewable energy.
During 2021, public funds directed from the national budget towards the management of economic development amounted to $689.9 million, where the priority was infrastructure, as an activity that multiplies employment opportunities.
Public Works achieved important advances with the Gerardo Barrios peripheral road, the paving of sites where there was an accumulated abandonment of several years, plus the construction of the Manuel José Arce bridge.
There were also activities from other institutions such as the delivery of subsidies, interventions on the beaches, the renovation of the coffee park, conservation of natural areas, and frequent monitoring to issue early warnings. In total, these activities have a total execution of $342.5 million.
Thanks to the support given by the deputies of the current legislature, the Government was able to incorporate more initiatives to maintain its proactive policies in favor of economic development, for example, approval of financing, updating the legal framework for investments and the creation of the National Directorate of Municipal Works (DOM).
The case of the DOM will give a notable boost. According to the institution, 255 presidential projects dedicated to specific municipalities will be implemented, in addition to the 786 projects prepared by the Directorate after having approached the 262 mayors.
The DOM’s actions are part of the Economic Impulse Plan, which the President inaugurated at the beginning of February 2022. For this agency, $480 million will be invested, as part of the $1.51 billion to be invested in public works.
In addition to the National Road Repair Plan, the DOM will restore health units, schools, historic centers, among others.
The goal is for the country to grow by 3.2% in 2022. Along with these institutional plans, two fundamental components that will allow meeting the goals are the improvements in public health, the response to the pandemic and the cross-cutting reduction in crime rates.
Betting on bitcoin has added to positive economic results during the administration of President Nayib Bukele.
The strategy of incorporating the Bitcoin to the legal circulation is designed to generate momentum to the economy in a sustained manner, in the long term. During the first months of its implementation, it was possible to identify the advantages of having joined innovation and financial freedom.
In conjunction with other bets, such as Surf City, trade and investment facilitation, Economic Impulses and logistics projects in the eastern zone, this cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world.
Tourism was among the first sectors where it was possible to see the potential. The implementation of Bitcoin benefited the sector. More tourists and investors have come to see how the cryptocurrency works. A survey to verify the activity, according to the before and after the Bitcoin, did confirm this strategy success.The tourism sector increased, in November and December, more than 30%.
El Salvador was the first country in the world to adopt this crypto-asset as legal tender, optionally and within a complete environment to guarantee fast and safe operations. The dollar is still the main reference.
One of the goals set by the Government is to achieve financial freedom for as many people as possible. In order to advance towards that purpose, and as established by law, institutions are joining efforts to transfer more knowledge on how to take advantage of Bitcoin.
The Secretariat of Innovation, together with the Directorate for the Reconstruction of the Social Fabric, has begun to prepare community leaders through the “Training Bitcoin Trainers” program. In this activity, they have a technical team from Paxful, a platform specialized in this currency. They will replicate what they have learned in the Urban Centers of Wellbeing and opportunities (CUBO). The mission we now begin is to train them to be replicators in their communities and support in continuing to break the digital divide.
President Bukele will continue to strengthen the legal framework so that Salvadorans have financial freedom, in an inclusive and sustained manner.
FEASIBILITY STUDY FOR PACIFIC AIRPORT TO BE PRESENTED SOON
Feb 11, 2022, 13:26 pm
By Redacción UH
The Presidential Commissioner for Strategic Projects, Cristian Flores, informed that very soon the designs and feasibility study of the new airport to be built in the east of the country will be presented.
“We are a few days away from receiving the final report, with the design of the infrastructure, its capacities, dimensions and environmental impact”, said Cristian Flores, in reference to the airport feasibility study.
He detailed that, “the location where the project will be developed is already clear and we will enter the phase of getting to know companies interested in investing with us”.
President Bukele’s administration seeks to turn the Pacific Airport into a hub for the region and thus contribute to the economy of the eastern part of the country, as well as to the creation of new jobs.
It also seeks to turn the eastern zone into a pole of economic development, encourage the growing demand of passengers from abroad, develop international tourism and activate the Port of La Unión.
PRESIDENT BUKELE CONFIRMS NEW BLOW TO DRUG TRAFFICKING WITH SEIZURE OF $47.5 MILLION WORTH OF COCAINE
President Bukele confirms new blow to drug trafficking with the seizure of $47.5 million worth of cocaine
Thanks to the actions implemented through the Territorial Control Plan, the President of the Republic, Nayib Bukele, confirmed a new blow to drug trafficking structures operating inside and outside the country, with the seizure of a drug shipment.
It is approximately 1.9 tons of cocaine, valued at $47.5 million, said the Head of State.
During the procedure, the authorities proceeded to the capture of four subjects: 3 Colombians and 1 Ecuadorian. An LPV (Low Profile Vessel) was also seized.
According to the Salvadoran president, this cocaine seizure is the farthest from the Salvadoran coasts in the country’s history.
“Distance: 512NM or 948.2km (589.2mi) south west of Acajutla”, detailed President Bukele.
This new seizure is in addition to the largest seizure of the Territorial Control Plan, which was valued at 103 million 900 thousand dollars.
NAVAL FORCE INTERCEPTS NARCO-SUBMERSIBLE WITH 1.9 TONS OF COCAINE VALUED AT $47.5 MILLION
President Bukele highlighted that this seizure is historic because it was made 948.2 kilometers southwest of the port of Acajutla, being the farthest seizure from the Salvadoran coast.
by Gadiel Castillo
February 14, 2022
The President of the Republic, Nayib Bukele, informed that the Trident Naval Task Force (FTNT) seized 1.9 tons of cocaine and became the farthest narcotics seizure from the coasts in the history of El Salvador.
The president detailed that the shipment is valued at $47.5 million and was located 948.2 kilometers [589.2 nautical miles] south west of Acajutla.
In the procedure, the authorities captured four men: three Colombians and one Ecuadorian. The drugs were being transported in a low-profile submersible.
The narcotics are in addition to the 800 kg seized between January 1 and February 11, 2022, according to Justice and Security data.
“No matter the distance or wind conditions, the Trident Naval Task Force continues to execute the #PlanControlTerritorial, of Mr. President @nayibbukele,” Defense Minister Francis Merino Monroy posted after the seizure.
Last week, the Minister of Justice and Security, Gustavo Villatoro, reiterated in a television interview that the Security Cabinet, led by President Nayib Bukele, is fighting the crime of drug trafficking with force and forcefulness, both on the coasts and in different parts of the national territory. He also indicated that daily they capture subjects with drug portions and weapons.
“With the seizures of drugs in the coastal zone of the national territory, El Salvador reiterates its commitment at national and international level, in the fight against drug trafficking,” said Villatoro on that occasion.
Regarding the destruction of seized narcotics, Villatoro mentioned that in the burning of seized drugs, each of the corresponding steps of this process is carried out. “We invite the press, so that they can communicate each of the steps that are carried out; in addition, we have personnel from the Ministry of Security and the Prosecutor’s Office that guarantees that the whole procedure is carried out properly”, reiterated the official.
Navy intercepts fifth narcosubmersible
The narco-submersible intercepted this Monday is added to the four vessels seized by the FTNT in the last years, which were carrying more than 6.3 tons of cocaine valued at $161.1 million, which were run by 14 foreigners; among them 11 Colombians, two Ecuadorians and one Guatemalan.
The characteristics of these narco-boats are: hull material: wood, fiberglass or steel; length: 12 to 24 meters; freeboard: 0.5 meters; engines: simple diesel with a fuel capacity of 5.6 cubic meters. In addition, they have a range of 3,200 kilometers, have a capacity of up to four crew members and can transport four to 12 metric tons of coca; they can be controlled by people or by remote control.
THE GOES BUDGET FOR SCHOOL INFRASTRUCTURE HAS INCREASED SIGNIFICANTLY: MINISTER OF EDUCATION.
On the other hand, she commented that school counselors continue to provide permanent service for students and teachers who are anxious or depressed due to the pandemic.
by Andrea Alas
February 8, 2022
GOES budget for school infrastructure has increased significantly: Minister of Education
The Government of El Salvador (GOES) has “significantly” increased the budget for school infrastructure for this year, this was informed this morning by the Minister of Education, Carla Hananía, in the interview of Radio Club.
According to the official, the budget that GOES has allocated to address the infrastructure issue is $60 million. In addition, the financing approved by the Legislative Assembly will be included, totaling $500 million, which will begin to be executed in 2022.
Hananía emphasized that school infrastructure is a priority issue, since at the beginning of the current administration, they found more than 60% of schools in need of improvement. “One of the most deficient areas we found in the Ministry of Education was infrastructure, because there was no maintenance culture. Some 700 schools are in the process of legalization”, said the official.
One of the school infrastructure programs developed by the Ministry of Education is My New School, which is a model that establishes the infrastructure in favor of the learning process, as indicated by the most innovative education guidelines.
On the other hand, Hananía pointed out that they continue to provide psychological support through the school counseling centers, of which there is one in each department of the country. These spaces provide support for students’ anxiety and depression needs.
In addition, the head of Education informed that this year they will launch a strategy to motivate the schooling of children who are outside the formal education system. “This year we will launch a strategy to attract children who are out of the education system, especially those in first and second grade. Fewer children are being born, and we are experiencing a decrease in the number of children entering,” he said.
“EL SALVADOR IS BECOMING THE MOST IMPORTANT HUB IN THE WORLD FOR THE FUTURE WITH BITCOIN”: INDIRA KEMPIS, MEXICAN SENATOR.
In an interview with Diario El Salvador, the congresswoman assured that the Salvadoran population is living the financial inclusion with bitcoin, and pointed out that this new model is the door to a growing development in Latin American economies.
by Kevin Rivera
February 21, 2022
Mexican Senator for the State of Nuevo León, Indira Kempis, comments her impressions about the bitcoin ecosystem that is developing in the country after the visit she made to El Salvador a few weeks ago. She also shares details about the crypto law proposal she will present to the Mexican Congress this year, which will be based on the one approved in the Central American nation.
HOW DID YOUR INTEREST IN BITCOIN AND CRYPTO ECOSYSTEMS ARISE?
I have surrounded myself with several people who have been working with bitcoin for years. I have a community of entrepreneurs, of technologists, of friends who are well versed who have been telling me for a long time “you have to be and you have to be part of this world”. And now that I am participating in politics, I seek to promote it.
In addition, I have an interesting experience with the subject because a few years ago a regulation was issued that changed the Fintech laws in Mexico and affected technology companies, and some of these companies came to me to put up a defense in the Bank of Mexico, and we won. Then I understood that there is no way to turn the page on the digital revolution and also that there must be a focus on rights and freedoms.
YOUR RECENT VISIT TO EL SALVADOR COINCIDED WITH THE FULL DEVELOPMENT OF A BITCOIN ECOSYSTEM IN THE NATION, HOW WAS YOUR EXPERIENCE IN THIS REGARD?
El Salvador is undoubtedly becoming the hub or the most important laboratory in the world about the future with bitcoin. It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives, and that this type of technology is allowing us to generate an alternative, a way, a solution so that millions of people can be included in the financial system. Therefore, it can have a positive impact on the development of countries, especially ours, which have unequal development.
It was a pleasant surprise to find that what we heard here in Mexico through news and information has a specific plan and strategy to achieve financial inclusion by making bitcoin a legal tender.
WHAT IS YOUR PERSPECTIVE ON THE USE OF BITCOIN IN EL SALVADOR?
The Zonte is an evidence. In this beach, in fact, there is a community project that has to do with socialization and culture based on these new finances or recently called digital finances. Communities that were not technologized or were not informed of these changes, today have the opportunity, through community leaders and people not only from El Salvador but also foreigners who are coming to their country, to create a community that crosses borders and transcends knowledge and moves traditional, normal actions of everyday life to digital assets and, specifically, with bitcoin.
The most surprising thing is to see communities that are now having new changes from bitcoin. What surprised me was to see a 20-year-old girl selling food on the street and at the same time receiving bitcoin in her wallet.
I think it is encouraging because it means that they do achieve their goal, which is financial inclusion.
El Salvador is becoming a seedbed of a global community, which already existed, and now it is calling them to use another type of economic model, to make this experience for the community and businesses that allow opening possibilities of a new economy.
It is a historic opportunity, that in a Central American country this type of project is being carried out. In Mexico, every time El Salvador was mentioned, it was always to address issues of migration, violence and organized crime, and now the world’s attention is not focused on these public problems, but on this great global call with bitcoin.
A large community of foreign investors is being created as a result of the openness of this government (of Nayib Bukele) precisely so that bitcoin is seen as something more than legal tender, but as something normal. It is not atypical, nor out of context, but it is adoc since we have a financial system that is in crisis.
We have innovative governments that can make this bet, and we have this community of people from all over the world who are seeing in El Salvador this hub, this laboratory to start their businesses.
Indira Kempis is a Mexican senator for the State of Nuevo León. She holds a master’s degree in Public Administration and Public Policy from the School of Government and Public Transformation of the Tecnológico de Monterrey. Photo: Tania Todd.
HOW DO YOU ASSESS THE OPENNESS OF FOREIGN INVESTORS FOR THE ADOPTION OF BITCOIN?
They are enthusiastic. Some mentioned that what is happening in El Salvador is the realization of everything they have been working for for years. They are seeing the consolidation of an economic and financial proposal in a country that probably many of them would never have set foot in if it were not for bitcoin. Yes, it is a radical change.
El Salvador has called them together and it is incredible to see people from all over the world. I had not seen that in a Latin American country with such forcefulness. And these people not only want to invest in this country, but to live there.
“We need bitcoin to be a legal tender in Mexico, because if not, if we don’t make this decision as El Salvador did, it will be very difficult to take action.
Indira Kempis, Mexican Senator
A FEW DAYS AGO IT WAS KNOWN THAT YOU ARE SEEKING TO PROMOTE A LAW TO REGULATE CRYPTOCURRENCIES IN MEXICO, WAS THIS INITIATIVE INSPIRED IN EL SALVADOR?
Yes, because I have a premise when I make my initiatives and it is: laws to anticipate the future, not only to solve the past.
This requires not only theoretical information, but information from experience. And during these months a whole country has been working on adapting and creating new processes, new models, new methodologies that have been born from creativity and innovation. Precisely because of this process it is necessary to know it.
I came to El Salvador precisely for that, to take note, to have this experience and to listen to the people. I think it is essential that Mexico, which is in another clear context and is key in the region, can promote an innovative approach to close inequality gaps, for inclusion and financial justice. This is a historic moment that the country must seize.
We have gathered all the information with my team because we want to be as assertive as possible and promote what is already coming. It is to anticipate the future, because if you are doing it, you are our neighboring country, what do we expect from such a large country, so key in the region and with many communities that can benefit from these initiatives that are born from a demand for inclusion and financial justice.
BROADLY SPEAKING, WHAT WILL THE LAW INITIATIVE YOU WILL PROPOSE CONSIST OF?
Right now we are making a political positioning. If we need bitcoin to be a legal tender in Mexico, because if not, if we do not make that decision as El Salvador did, it is very difficult to take action.
What we do have to do now is that financial inclusion and education are seen as rights for every Mexican man and woman.
We are working to make them constitutional rights so that we can then, having our political constitution, have a legal basis to take subsequent positions, while we continue with this open discussion. What I have been doing is to open the discussion so that the people, the authorities and the Mexican political class begin to see this as the legal basis for a future to come, because you (Salvadorans) are showing that this can be possible.
WHEN DO YOU PLAN TO SUBMIT THE DRAFT BILL TO YOUR COUNTRY’S CONGRESS?
We are going to make the proposal this very session. We have two sessions a year, so I would wait for our initiatives to be submitted to the commissions in the Senate, so that we can continue the discussion and have the votes in favor so that financial inclusion is seen as a right in our constitution.
These are long and difficult processes, but I would hope that this legislature can leave a legacy to the people we represent so that not only El Salvador, but also Mexico becomes the innovative countries in the region.
There is no going back with bitcoin. The best legacy we can leave as legislators for our future is that.
Have you found openness to the bitcoin issue in the Mexican Congress?
I have found curiosity on the part of other senators, because it is something new, it is something that previous generations are totally unaware of to begin with. This requires research and education. I initiated this process and have invested time in it.
Right now they are very curious for me to explain what is going on, and so I have proposed that the best way to find out quickly is to go to El Salvador.
The only way to understand this in order to make laws is to look at the reality, and the reality is with you today. It is in that country and we have to look there.
WHY DO YOU CONSIDER IMPORTANT A REGULATORY FRAMEWORK ON BITCOIN IN THE NATIONS?
It is inclusion, it is financial justice in the face of a system that today excludes most people. In the case of El Salvador, 70% of its population was unbanked, which meant many limits to the development of the country.
Bitcoin is to put an even floor, so that we can have this financial freedom, so that we can give a value to our money, so that we have security in the traceability of our finances.
I was wondering: where was Nayib Bukele’s thinking going when he created this revolution? And this leadership does have a name and a surname. It seems to me that this revolution will reach all countries, and people who are excluded will have this opportunity to develop and be included in the financial system.
Making bitcoin a legal tender is to put a level playing field for people who in almost all countries are excluded.
PEOPLE OF ILOPANGO PERCEIVE THE ADVANTAGES OF PAYING FOR SERVICES WITH BITCOIN
Feb 21, 2022, 12:02 pm
By Redacción UH
On February 1 of this year, the mayor of Ilopango, José Chicas, announced on his social networks that the inhabitants of the municipality could make their payments to the mayor’s office through the digital wallet Chivo Wallet. Now, the residents of Ilopango already enjoy this service and its advantages.
“It is a new technology, it is the money of the future and now we are starting (…) The Mayor’s Office of Ilopango is the first to implement this form of payment, it is easy for everyone”, mentioned one of the residents who already enjoy the service in Ilopango.
Another resident commented: “I invite the entire population of Ilopango to come and take advantage of this opportunity (…) Payments with Chivo Wallet are fast and the service is excellent”.
Bitcoin has been accepted in the country as an alternative payment method since September 7 last year.