Sanchez Ceren promises to reduce credit intest rate to a flat 4% in El Salvador
FMLN’s presidential candidate, Salvador Sanchez Ceren, promises to boost the Salvadoran economy through low interest rates for entrepreneurs in El Salvador.
FMLN’s presidential candidate, Salvador Sanchez Ceren, said that, if he wins the presidential election in 2014 in EL Salvador, he will invest in production and job creation, through low interest rates and sound business policy, to revive the Salvadoran economy.
In addition to low interest rates, he said it is necessary to strengthen labor laws, improve the business climate, and create a more efficient legal framework for investors.
Sanchez Ceren told the crowd this past Sunday in Ahuachapan that making credit available for potential investors and new entrepreneurs is crucial to boost the Salvadoran economy. "We are going to implement soft credits so that new businesses can be created" he said.
The candidate further said that he will reduce credit interest rate to a flat 4% for any entrepreneur that wants to open up a business in El Salvador. Interest rates for small and medium size companies are currently set to 20 -25%.
He, aslo, explained that he will continue with family agriculture programs because of the impact it has had on Salvadoran farmers’ production. He said that sound policy is possible in El Salvador. "This Administration has invested in agriculture, and as a result of that, basic grains output is up, that has driven prices down, making vital products more accessible for the people in El Salvador", highlighted Mr. Sanchez Ceren at the end of is meeting in Ahuachapan.
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