tag:blogger.com,1999:blog-9177745.post6901392058952340654..comments2024-03-12T21:56:22.907-05:00Comments on El Salvador Perspectives: El Salvador officials urge expats to investTimhttp://www.blogger.com/profile/02452039674856298357noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9177745.post-30951959304960896662008-07-21T01:10:00.000-05:002008-07-21T01:10:00.000-05:00Expats should be extremely wary of investing in El...Expats should be extremely wary of investing in El Salvador. Any investment is subject to immediate and ruinous theft by the government.<BR/><BR/>Examples:<BR/>1. The government tried to rob Coastal. Coastal sued in international arbitration, the government lost.<BR/><BR/>2. The government is trying to rob La Geo, the italians who have invested over $100 million in clean, renewable geothermal power. <BR/><BR/>3. The government let the gold investors spend over $50 millions in El Salvador, then simply failed to issue the permits it must by law. Essentially robbed them blind.<BR/><BR/>4. The government arbitrarily shut down and caused the bankruptcy of the company that used to recycle 70% of all lead batteries in El Salvador in a famously flawed case.<BR/><BR/>One must be extremely brave and have millions to spend on international lawyers to even have a chance in El Salvador.El-Visitadorhttps://www.blogger.com/profile/08823897085882597971noreply@blogger.comtag:blogger.com,1999:blog-9177745.post-57763950781583459672008-07-15T15:28:00.000-05:002008-07-15T15:28:00.000-05:00Where is our right to vote abroad?ARENA wants our ...Where is our right to vote abroad?<BR/>ARENA wants our money while we are excluded from political participation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9177745.post-32424735171583339872008-07-15T13:07:00.000-05:002008-07-15T13:07:00.000-05:00Interesting isn't it that the government wants inv...Interesting isn't it that the government wants investment here in El Salvador. There are companies that want to or have invested here and can't get to first base. what guarantees do the people living in the exterior have they won't get ripped off like the companies that already invested in good faith? <BR/><BR/>How interesting that the "small" government officials (mayors) can see the value of programs of investment that the central govrenment can't see. But I agree totally that expat investment is one of the surest ways to bring the level of investment up in the infrastructure of the country. Those in the central government are only interested in lining their pockets and it will never trickle down to the local level. There needs to be investment by local companies or groups focused in specific areas.Anonymousnoreply@blogger.com