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The Legislative Assembly has approved a series of resolutions authorizing a funding injection of over US$226 million, redirecting resources and arranging new loans to strengthen key sectors of the Salvadoran economy. These approvals seek to promote strategic infrastructure projects, foster tourism, and ensure food security in rural areas.
The decrees, approved this week, mobilize resources to accelerate public investment and consolidate the government’s priorities for the economic horizon.
The tourism sector and airport infrastructure are the largest beneficiaries of the new financing:
Surf City Program Phase II (US$65 Million): A loan agreement with the Central American Bank for Economic Integration (CABEI) for US$65 million was authorized for Phase II of the Surf City Program. These funds are intended to improve efficient and safe road connectivity in targeted areas with tourism potential. Furthermore, the program seeks to ensure adequate sanitation infrastructure (wastewater treatment), a fundamental step to stimulate private investment and sustainable development in the coastal zone.
Aeronautical Infrastructure (US$17.1 Million): A Sovereign Guarantee was approved for the Comisión Ejecutiva Portuaria Autónoma (CEPA) for a US$17.18 million loan with the Instituto de Crédito Oficial de España (ICO). This amount will be used to finance the “Supply and Installation Project of the Dome Envelope for the Beta Passenger Terminal at the Pacific International Airport.” This decision accelerates the modernization of the aviation infrastructure and the strategic objective of revitalizing the eastern region of the country, specifically the department of La Unión.
Two key approvals aim to strengthen social and food security, and institutional operations:
Support for Rural Areas ($31.3 Million): A US$31.3 million Financing Agreement was approved with the Fondo Internacional de Desarrollo Agrícola (FIDA) for the “PROGRESAR Rural Program”. The goal is to support farmers in increasing income, strengthening resilience, and improving food and nutritional security for families in rural areas through sustainable economic development strategies.
Institutional Budget Reinforcement ($113.2 Million): The reorientation of US$113.2 million from the General Fund was approved to reinforce budget allocations to various public sector institutions. This measure guarantees coverage of “priority and urgent commitments”. Among the benefited branches are Foreign Affairs, the Attorney General’s Office, Public Works and Transportation, Tourism, and Environment and Natural Resources, ensuring the fulfillment of institutional goals for the remainder of the fiscal year.
Together, these resolutions represent a legislative effort to ensure that strategic investments and essential state operations have the necessary resources to drive economic growth in vital sectors for El Salvador.
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