By: Norma Villalobos
By means of Decree No. 540 dated October 18, 2022, the Legislative Assembly approved “Amendments to the Law for the Creation of the Trust Fund for the Recovery of Salvadoran Companies”, adding to Art. 1, second paragraph of said Law, letter j) including within the programs to be administered by the referred Trust Fund the “Special Financing Program to benefit those affected by the harmful effects of Hurricane Julia”, in order to grant net working capital credits to the Agricultural, Cattle Raising, Fishing, Tourism, Tourism, Tourism, Tourism, Tourism and Tourism sectors, Livestock, Fishing, Tourism, among others, that reside in the affected areas and that comply with the requirements established by BANDESAL to qualify for the benefit granted by the legal provision, allocating to such program up to the amount of TEN MILLION UNITED STATES DOLLARS.
This Decree was published in the Official Gazette number 197, Volume 437, of October 19 of the current year and is in force since its publication in the Official Gazette.