El Salvador project 519-0378 · 1992 · good governance

FY 1992 Economic Support Fund program to support the Government of El Salvador's (GOES) economic stabilization and structural adjustment efforts, and provide balance of payments assistance. The program consists of an $82 million cash transfer, to be disbursed in two equal disbursements, conditioned on the GOES' progress in improving public sector efficiency, strengthening the administration of justice, and advancing its overall economic stabilization, structural adjustment, and private investment program. To improve public administration and public sector efficiency, the GOES will enact measures to increase electricity tariffs, improve tax policy and administration, privatize seven major public enterprises in the commercial/productive sectors, streamline public sector employment, strengthen its financial management and auditing operations, and reform the public financial sector (eliminating controls on lending and deposit rates, privatizing 2-4 banks, and strengthening the superintendency of banks). The GOES will strengthen the administration of justice by legislative reforms to establish independent judicial review functions and offices, reform criminal and criminal procedural law

Source: DEC abstract, PD-ABD-847 (1992). The source's own text.