Republic of El Salvador Country Environmental Analysis : Improving Environmental Management to Address Trade Liberalization and Infrastructure Expansion
El Salvador, a small country with limited national resources, needs to grow through its main comparative advantage, which is its strong culture of competitive businesses. To do so, however, the government needs to ensure that the best affordable en...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/795601468273650092/Republic-of-El-Salvador-country-environmental-analysis-improving-environmental-management-to-address-trade-liberalization-and-infrastructure-expansion http://hdl.handle.net/10986/33926 |
| Summary: | El Salvador, a small country with
limited national resources, needs to grow through its main
comparative advantage, which is its strong culture of
competitive businesses. To do so, however, the government
needs to ensure that the best affordable environmental
management is in place to secure sustainable economic
development. The benefits of further improvements to the
environmental institutional and regulatory frameworks will
be substantial not only to facilitate and sustain trade and
infrastructure expansion, but in terms of preserving the
natural resource base on which economic growth depends.
Moreover, while DR-CAFTA is expected to bring new
possibilities for investment and trade, the agreement will
also raise the scrutiny and monitoring by El Salvador's
trade partners regarding environmental compliance.
Maintaining low compliance rates would add unnecessary
friction and raise the regulatory risks for investing in the country. |
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