IOS Partners is pleased to announce the launch of one of our two projects in El Salvador funded by the USAID Economic Competitiveness Project (ECP) in August 2021. The IOS Team is working hand in hand with our counterpart, the Export and Investment Promotion Agency of El Salvador (PROESA), to accomplish our objectives. The main aim of this project is to update the sectoral studies for the prioritized sectors, as identified by INVESTSV (PROESA’s investment promotion strategy document) and to develop a benchmarking analysis and proposal for a financial incentive plan to position El Salvador as an ideal place for the establishment of new foreign investment projects.
As part of our mission, the IOS Team undertook a diagnosis of the Remote Business Services, Software/IT Development, Pharmaceutical Chemistry and Medical Devices sectors to identify the main trends of each industry, the key factors investors take into account when evaluating and choosing a country for the establishment of an investment project, preferably based on objective indicators.
Furthermore, we identified and validated the main investment opportunities in El Salvador for the Remote Business Services, Software/IT Development, Pharmaceutical Chemistry and Medical Devices sectors, as a result of the analysis of the current situation of the industry sectors, the main international trends, and the investment environment in the competing countries.
The IOS Team prepared a benchmarking analysis and a proposal for an economic, fiscal, financial, and regulatory incentives plan to position El Salvador as an ideal location for the development of companies in the Remote Business Services, Software, and IT Development, Pharmaceutical Chemistry, Medical Devices, and Textiles and Clothing sectors, which was presented to the representatives of the Government of El Salvador, USAID, PROESA and the ECP Project in December 2021.
