The president of the Association of Private Schools in El Salvador (ACPES), Javier Hernandez, said in an interview with the media that they are requesting that the National Assembly issue a decree permitting an increase in tuition.
Since 2007, the year in which the decree was passed, dividing the 533 private educational institutions into two categories, with and without profit, some 400 private schools have closed.
The decree "... allows nonprofit organizations to update tuition and student fees, while those classified as institutions for profit can not perform the same procedure.
"Us private schools are still charging tuition and fees in prices in colons and we are investing in our schools in dollars, because the current legislation dictates that it be this way, Decree 533 is pretty much a technical freeze" said Hernandez .
For that reason, we have asked the deputies to approve a temporary decree allowing private for-profit schools to increase tuition and fees according to the parameters used by nonprofit institutions, said the president of ACPES".
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Salvadoran Congress has stipulated that the minimum investment amount for a private public partnership should be 10 million dollars.
From a press release of the Legislative Assembly of El Salvador:
The Special Committee on Finance and Budget, began review on Monday of the Bill on Public-Private Partnerships (PPP), which is to establish the regulatory framework for the development of projects for the provision of infrastructure and public services of general interest, in an effective and efficient format.
Salvadoran Congress has passed a law that will allow public institutions to form partnerships with private companies for infrastructure and public services projects.
From a press release issued by the Legislative Assembly of El Salvador:
In order to establish the regulatory framework for the development of projects for the provision of infrastructure and public services of general interest effectively and efficiently, the Legislative Assembly in Plenary approved with 84 votes in favor, the "Special Law on Public Private Partnerships"(PPP).
Experts from various countries have been discussing the how to make the law successful in terms of attracting foreign investment.
Flexiblity, clarity and the inclusion of detailed processes are the characteristics that should define the new public-private partnership law whose draft version is currently being re-discussed in the country.
In El Salvador, many argue if Congress should establish the basic rate of fixed telephony.
An article in Elsalvador.com remarks that "economic analysts and representatives of the private sector argue that lawmakers shouldn't regulate prices, as they intend to do with a decree to lower the basic fee for fixed telephony.