El Salvador: Implementation of Post-War Programs Slower than Expected
GENERAL ACCOUNTING OFFICE WASHINGTON DC WASHINGTON DC
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In April 1993, the Salvadoran government estimated that about 1.83 billion would be needed through 1996 to finance the implementation of the remaining programs mandated by the peace agreement, but the government and international donors, including the United States, have committed about 1.15 billion so far. This will leave the government about 682 million short of its estimated funding needs, although the shortfall could be somewhat less if there are fewer beneficiaries for the land transfer program than the 47,500 originally estimated. Unless additional funding is forthcoming, the Salvadoran government expects that the programs will be implemented on a more modest scale than originally intended. An additional 197 million in assistance from donors has been pledged, but the agreements for this funding have not been finalized, and obtaining any additional donor pledges is unlikely. The Salvadoran government may be able to increase its own contributions, however, as better-than-anticipated economic growth is forecast over the next several years.