dinero_admin El Salvador’s Legislative Assembly has taken a crucial step toward the country’s development by approving five decrees that will inject a significant amount of money into key programs.
These funds are intended to strengthen agricultural production, modernize the transportation system, improve the road network, and consolidate fiscal stability and natural disaster response capabilities. Legislators have demonstrated their commitment to progress by supporting these initiatives.
One of the most important decrees is the allocation of US$6 million to the Centro de Desarrollo de Comercio Agropecuario (CDCA). This funding will be used for the “Promotion of High-Yield Corn and Bean Planting” program, an initiative that seeks to support domestic farmers. The funds, obtained through a budget amendment, will enable the adoption of new technologies to increase the productivity of these staple crops.
In the area of transportation, lawmakers authorized the executive branch to sign a loan of up to US$60 million with the Inter-American Development Bank (IDB). This capital will finance the AMSS Urban Mobility System Support Program, with the aim of optimizing mobility in the San Salvador Metropolitan Area. The project includes the implementation of an electronic payment system, the improvement of road infrastructure, and the creation of a data intelligence center to manage traffic.
In addition, the extension of a credit line with the Central American Bank for Economic Integration (CABEI) for up to US$400 million was approved. This amount will be managed by the Fondo de Conservación Vial (FOVIAL) and will be used to ensure the ongoing maintenance of streets and highways throughout the country. This investment seeks to improve connectivity and road safety for all salvadorans.
In addition, two loans were authorized with the International Banco Internacional de Reconstrucción y Fomento (BIRF), one for US$250 million and another for US$100 million. Both were approved with 57 votes, demonstrating broad consensus in the legislature. These funds are vital for the implementation of programs focused on fiscal sustainability and the country’s resilience to any contingency.
The loans with the IBRD, called “Development Policy Loan for Fiscal Sustainability and Resilience in El Salvador,” have a term of up to 30 years, including a five-year grace period. The approval of these resources reaffirms the government’s strategy to strengthen the economy, ensuring an effective response to potential crises. The Assembly thus demonstrates its commitment to the long-term well-being and protection of the national heritage.
