The salvadoran Parliament, through its Finance and Special Budget Committee, approved a resolution authorizing the signing of a US$50 million loan with the Corporación Andina de Fomento (CAF). These funds will be used to finance the “Support Program for El Salvador’s Emergency Response Plan,” a key project for dealing with natural disasters and emergencies.
During the session, the Director of Investment and Public Credit of the Ministry of Finance, Marlon Herrera, explained that the management of this credit began after the emergency caused by tropical storm “Alberto” last june. Mr. Herrera stressed the urgent need to strengthen the country’s capacity to mitigate risks and deal with crisis situations.
The program seeks to strengthen risk mitigation strategies, emergency response and the recovery of damaged infrastructure. It also includes rehabilitation and reconstruction actions, which are essential to guarantee the safety of the communities most affected by extreme weather events.
Key institutions such as the Dirección General de Protección Civil, the Ministerio de Obras Públicas y Transporte, and the Fondo de Conservación Vial (FOVIAL) will be in charge of executing the works. This ensures that resources are strategically distributed to maximize their impact in the most vulnerable areas of the country.
The salvadoran population will be the main beneficiaries of this program, as it will improve the capacity to respond to future emergencies, reduce the impact of natural disasters, and ensure a more resilient infrastructure. This loan represents not only immediate relief, but also an investment in the country’s development and security.