USAID Works on Making El Salvador and 3 Others "Next Gen" of Emerging Markets
On September 29, 2011, senior U.S. and Salvadoran officials continued discussions on an aggressive set of actions designed to increase economic growth in El Salvador. The discussions, which were carried out under the aegis of President Obama's Partnership for Growth (PFG) effort with El Salvador, included representatives from the U.S. Agency for International Development, the Millennium Challenge Corporation (MCC), among others.
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Advancements discussed included the passage last month of the port concession and the development bank law by the Salvadoran National Assembly. In addition to El Salvador, the United States is working with Ghana, Tanzania, and the Philippines on similar partnerships, with the aim of creating the next generation of emerging markets.