Investment in innovation and technology can boost El Salvador's economy

24 May 2012

Welcoming UNCTAD’s review of the country’s science, technology and innovation (STI) policies, El Salvador’s Vice Minister of Economy spoke today of the steps already being undertaken by the government to put in practice some of its recommendations.  ​

UNCTAD's Science, Technology and Innovation Policy (STIP) Review of El Salvador was presented today in Geneva by the Vice Minister of Economy of El Salvador, H.E. Mario Róger Hernández, during the 15th session of the UN Commission on Science and Technology for Development. The report calls for increased investment in science, technology and innovation (STI) to boost the country's economic performance.

UNCTAD's review underlines the need for greater public and private investment in the creation of knowledge, which would in turn lead to new productive activities. Coherent public policies should be in place to make full use of the country’s human and economic potential, promoting innovation and capacity-building, the report argues.

Mr. Hernández welcomed the findings of the report, going on to describe the activities being undertaken by the Government to strengthen STI in El Salvador, including the adoption of the National Industrial Policy and the National Innovation, Science and Technology Policy. The Government has recently put in place a number of programs with objectives in close alignment with the recommendations of the report, such as the increased public investment in STI, Mr. Hernández said.

The Science, Technology and Innovation Policy Review of El Salvador was conducted by UNCTAD in cooperation with the United Nations Economic Commission for Latin America and the Caribbean, and is available in Spanish and English.​