DECREE No. 540 THE LEGISLATURE OF THE REPUBLIC OF EL SALVADOR, CONSIDERING
I.- by Legislative Decree No. 329, dated March 7, 2013, published in the Official Journal No. 53, Volume No. 398, 18 of the same year, authorized the Executive Branch in the Field of Finance, so that by the holder or the official designated by him, subscribe on behalf of the State and government of the Republic of El Salvador, the Loan Agreement with the Inter-American Development Bank, IDB, called "Program to Support Production Development for International Integration", for an amount of up to THIRTY MILLION DOLLARS 00/100 UNITED STATES OF AMERICA (US $ 30,000,000).
II.- by Legislative Decree No. 361, dated April 19, 2013, published in the Official Journal No. 76, Volume No. 399, 26 of the same year, was approved in all its parts the Agreement loan No. 2583 / OC-ES, signed between the Government of the Republic of El Salvador and the Inter-American Development Bank for an amount of up to 00/100 THIRTY MILLION DOLLARS oF tHE UNITED STATES oF AMERICA (US $ 30,000,000). That
III SPECIAL PROVISIONS, paragraph 3. Executing Agency, the said Loan Agreement, the parties agree that the implementation of the program and the use of resources, will be conducted by: the Ministry of Economy the Ministry of Foreign Affairs and the Agency for Promotion of Exports and Investments of El Salvador, PROESA, decentralized institution of the Presidency of the Republic.
IV That in the attached Annex, the program of that Loan Agreement provides that the program includes activities grouped into four components, which run PROESA Business Component IV Strengthening and Promotion of Exports and Investments, worth $ 7.455 million, which is divided into four sub-components: 1) Strategy Picture / Country, for $ 2,000,000, 2) Program Investment Managers for $ 2,000,000, 3) Tools for the Development of export sectors, for $ 2,000,000, and 4 ) Promoting a National Culture Exportadora, for $ 1,455,000.
V.- That in order that the Presidency of the Republic to transfer the necessary to the Agency for Export Promotion and Investment El Salvador, PROESA resources to initiate the implementation of Component IV Business Strengthening and Export Promotion and Investment, it is necessary to amend the Budget Law approved by Legislative Decree No. 182, dated November 8, 2012, published in the Official Gazette No. 228, Volume No. 397 of December 5 of that year, increasing in Section
II - Revenue, the Public Debt Heading 31, has 314 Contracting of External Borrowings, the specific source 31404 From Multilateral Organizations, with the amount of TWO HUNDRED THOUSAND FOUR EIGHT 00/100 DOLLARS OF THE UNITED STATES OF AMERICA (US $ 208.400). Also, in Section III - Expenditure in the share of the Presidency of the Republic, Budget Unit 08 Support to Other Entities, assignments Line Work 04 Agency for Promotion of Exports and Investments of El Salvador increase, Go 62 Capital transfers, with the amount of TWO HUNDRED THOUSAND FOUR EIGHT 00/100 DOLLARS oF tHE UNITED STATES oF AMERICA (US $ 208.400); corresponding to said Loan Agreement.
in exercise of its constitutional powers and initiative of the President of the Republic, through the Minister of Finance, DECREES
Art. 1. In the current Budget Law, Section -A STATE BUDGET, the following modifications are made:
A) In section II - INCOME, Item 31 Public Debt, has 314 Contracting of External Borrowings, increméntase the Specific source 31404 of Multilateral Organizations and:
Loan No. 2583 / OC-ES, signed with the Inter-American Development Bank, IDB resources allocated to finance the "Program to Support Production Development for International Integration" approved by Legislative Decree No. 361, dated April 19, 2013, published in the Official Journal No. 76, Volume No. 399, 26 of the same year US $ 208.400
B) in paragraph III - EXPENSES in corresponding to the Presidency of the Republic, literal B. Resource allocation in paragraph 3 Relationship Purposes with resources allocated in the Budget Unit 08 Support to other entities, would increase the allocation of spending part follows:
3. Relationship with resources allocated Purposes
Budget Unit and Line of Work Purpose Cost
08 Support to Other Entities
04 Agency for Export Promotion and Investment in El Salvador
Contribute in improving the investment climate in the country, developing outreach and promotion of products and services that make the exportable supply. 208.400 208.400
4. Budget Allocation by Category Grouping, Funding Source and Destination
Budget Unit Economic and Budgetary Line Encryption Working
62 Transfers Capital Expenditures Capital
08 Support to Other Entities
2013- External Loans 0500-3-08-04-22-3
Export Promotion Agency and Investments of El Salvador
208.400 208.400 208.400
Total 208.400 208.400 208.400 || | Proceeds from foreign loans which are incorporated by Legislative Decree $ present 208.400 must be applied to the Source of Funds 8 InterAmerican Development Bank (IDB).
Art. 2. This Decree shall enter into force from the day of its publication in the Official Journal.
GIVEN IN THE BLUE ROOM OF THE LEGISLATIVE PALACE: San Salvador, on the fourteenth day of the month November in the year two thousand and thirteen.
OTHON Sigfrido Reyes Morales, president.
ENRIQUE VALDES LUIS ALBERTO SOTO, GUILLERMO ANTONIO NAVARRETE GALLEGOS, FIRST VICE. SECOND VICE PRESIDENT.
MERINO JOSE FRANCISCO LOPEZ, FRANCISCO ROBERTO DURAN LORENZANA, THIRD VICE. FOURTH VICE.
CARLOS ARMANDO REYES RAMOS, FIFTH VICE.
PEÑA LORENA GUADALUPE MENDOZA, MENJIVAR VICENTE MANUEL ESQUIVEL, First Secretary. Second Secretary.
SALGADO SANDRA MARLENE GARCIA, JOSE RAFAEL MACHUCA Zelaya, Third Secretary. Fourth secretary.
IRMA VASQUEZ PALACIOS LOURDES, ERNESTO ANTONIO ANGULO MILE, QUINTA Secretariat. SIXTH SECRETARY. JOSE FRANCISCO
ZABLAH SAFIE, ORANTES SERAFIN JOSE RODRIGUEZ, seventh Secretary. EIGHTH SECRETARY.
PRESIDENTIAL HOUSE: San Salvador, on the eighteenth day of November in the year two thousand and thirteen.
Published, Carlos Mauricio Funes Cartagena
, President of the Republic.
Juan Ramon Caceres Carlos Enrique Chavez, Minister of Finance.
OJ No. 215 Vol. No. 401 Date: November 18, 2013 JQ
IELP 10/12/2013 LEGISLATIVE INDEX