A. M. 
The U.S. Development Finance Corporation for International Development (DFCgov) will invest $1 billion in the repurchase of El Salvador’s debt to convert it into clean water for the country.
The United States Ambassador to El Salvador, William Duncan, through the official X (formerly twitter) account of the Embassy, wrote “Let’s take $1 billion of El Salvador’s debt and turn it into clean water for Salvadorans! The United States, through the International Development Finance. Corporation (@DFCgov), and El Salvador will work together on a debt conversion program that will benefit the Lempa River watershed. We join together to #ConstruirCrecimiento”.
Last october 4, it was announced that a proposal would be launched to receive offers to repurchase El Salvador’s external debt, that is, El Salvador’s bonds. The same President of the Republic, Nayib Bukele, announced on saturday that the country agreed to repurchase US$940.4 million of external debt bonds maturing between 2027 and 2052, seeking to reduce the impact of such financial obligations on the economy.
In the video posted by the U.S. Embassy on social media, Ambassador Duncan explains: “One of the biggest challenges for everyone in the 21st century is water, for drinking, for agriculture and for economic growth. El Salvador is entering into a large and innovative debt conversion project to conserve the Rio Limpia watershed. It will benefit millions of salvadorans. We are supporting the project through the U.S. International Development and Financial Cooperation. It is one more sign of the strength of the relationship between El Salvador and the United States of America”.
