San Salvador, Nov 13 (EFE) .- Salvadoran President Salvador Sánchez Cerén announced today that he will ask Congress to create a "special economic zone" in the port of La Unión, in the Gulf. Fonseca shares with Nicaragua and Honduras.

The Salvadoran president said, without going into details, that this initiative is "part of trinational agreements for development of the Gulf of Fonseca area. "

The announcement was made during his participation in the XVII National Meeting of Private Enterprise (ENADE), organized by the main entity of Entrepreneurs of the Central American country, the National Association of Private Enterprise (ANEP).

The president also highlighted to businessmen "the main advances" of their administration in economic matters, as its position "as one of the 10 economies with a notable improvement" in Latin America.

"This indicates that in 3 years the country is progressing sustained and creates the conditions for investment and development, "favored by consumption in households," the annual increase in remittances by 7.2%, and the increase in real wages of the formal sector by 4.4%, "he added.

He added that the Central American country has" a robust financial system ", which has grown 9% compared to 2016, while loans they grew 4.8% and the credit to the companies ascended to more than 5.800 million.

At the end of last September, the Central Reserve Bank (BCR) raised the growth forecast economic growth for 2017 from 2.3% to 2.4%, due to the "dynamism" of the demand for goods and services and a "solid" financial system.