Friday, 09 June 2023 05:22

CABEI backs El Salvador with an investment of more than US$4.6 billion

Written by Evelyn Alas

Today, the Director of the Central American Bank for Economic Integration (CABEI) for El Salvador, Luis Rodríguez, highlighted that the country and the organization he represents maintain an excellent relationship, which in turn is a sign and symbol of the confidence there is in the management being developed by the Central Government.

Rodríguez pointed out that, as of June 1 of this year, during this Government, the financial entity has exceeded US$4.6 billion in investments, through the projects it executes in the country, both public and private, in non-reimbursable technical cooperation.

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"CABEI continues to structure a series of important support for what is coming in the country, for certain proposals that we also make, which involve internal modernizations to meet the needs of the country", he said.

Rodríguez remarked that the entire El Salvador team is working hard 24/7 on the various projects under execution and reaffirmed CABEI's support for all these strategic initiatives in areas such as security, health, education, housing and sports.

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"President Bukele is involved in the dynamics of CABEI and the different institutions we work with, in addition to the private sector. Being able to have this entire ecosystem working together allows us to have investment results", he said.

He also emphasized that all the initiatives they are supporting are related to the issue of security.

He recalled that the bank is supporting the Plan Control Territorial, such as phase 2 focused on communities and the projects of the Centros Urbanos de Bienestar y Oportunidades (CUBO), as well as the modernization of security institutions.

Rodríguez reaffirmed CABEI's support for El Salvador to continue transforming the country and improving the population's quality of life through the organization's cooperation with important projects under this administration.

 

Translated by: A.M