A. M. The Inter-American Development Bank (IDB) approved a $171.5 million program to promote education in El Salvador. The program seeks to improve access, quality, and permanence in the education system, with an emphasis on pre-school and secondary education. It will also support vulnerable populations, such as students with disabilities.
The initiative contemplates the expansion of the educational offer through the construction and rehabilitation of 65 schools with resilient infrastructure and universal accessibility. In addition, alternative educational modalities and school transportation will be implemented. The loan will support the quality of education, including the training of more than 28,000 teachers and 2,300 school administrators in innovative pedagogical practices.
The program will directly benefit more than 723,000 students, 1,500 students with disabilities, and 4,500 returning students. The IDB financing package includes a $150 million loan with a 25-year amortization period and a 5.5-year grace period.
The IDB will also provide $21.5 million in non-reimbursable financing from the Global Partnership for Education (GPE), the Strategic Climate Fund, and the IDB’s Non-Reimbursable Financing Facility. The operation seeks to strengthen the school system and improve education in El Salvador.
Investment in education is fundamental to El Salvador’s economic and social development. The IDB program is an important step towards improving the quality of education and access to education for all.
