PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599795

Primary Business Area

Investment Climate

Disclosure Date

Jan 26, 2014

Country

El Salvador

Region

Latin America and the Caribbean

IFC Approval Date

Nov 24, 2013

Status

Completed

Estimated Total Budget

$273,963.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2017

Project Estimated End Date

Nov 15, 2014

Project Description

The objective of this project is to work with the government of El Salvador to identify an incentive structure that will help the country increase its domestic and foreign investment, and rationalize its tax expenditures. The project will work with clients at the national level of government, including PROESA (El Salvador Export and Investment Promotion Agency), on a work plan that is aligned with the country?s development strategy in the medium and long term. More specifically, the project will use a variety of diagnostic tools to assist the government of El Salvador in understanding how its incentives regime affects its domestic and foreign investment performance in relation to neighboring and competitor countries. The project will help the client identify policy reform priorities and create a reform action plan designed to improve the county's ability to attract, retain and maximize the benefits of investment. This project is part of a broader regional program on tax simplification implemented in Latin America and the Caribbean in partnership with the Canadian and the Swiss governments.

Development Results

E&S Risks / Impacts and Mitigation