Caribbean & Central America - February 2011 (ISSN 1741-4458)

Social investment:   Last month the government announced its intention to finance record social spending this year - a move widely perceived to have electoral motives (the March 2012 legislative and municipal vote).   Citing the fight against poverty and the establishment of a “system of universal social protection" as Funes's main strategic objective, the technical secretary to the presidency, Alexánder Segovia, announced US$819m (3.8% of GDP) had been set aside for social investment in 2011 - 70% more than in 2010.

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