Thursday, 09 May 2024 02:09

CAF consolidates as an ally for the economic development of El Salvador

Written by Alejandra García
CAF consolidates as an ally for the economic development of El Salvador Courtesy

The Development Bank of Latin America and the Caribbean (CAF) consolidates as a strategic ally for the sustainable development of El Salvador through the formation of a portfolio focused on three strategic axes: sustainable economic development, inclusive human development, and social and environmental resilience.

During his visit to the country, CAF's Executive President met with the President Elect of El Salvador, Nayib Bukele, to strengthen the strategic alliance to improve the quality of life of the population; he signed an operation related to the "Program to support low-emission urban mobility", and a non-reimbursable technical cooperation with the Administración Nacional de Acueductos y Alcantarillados (ANDA) to continue promoting coverage and efficiency in water and sanitation.


Since El Salvador joined CAF in 2022, being the first country to join directly as a full member, the institution has provided timely financing and technical assistance in strategic sectors such as health, education, water and sanitation, security, and transportation infrastructure resilient to climate change. At the meeting they also discussed the interest between the parties to strengthen this strategic alliance by aligning the priorities of the new government plan and CAF's agenda to improve the quality of life of salvadorans.

During the visit to El Salvador, the Executive President also met with the minister of Finance, Jerson Rogelio Posada Molina, to review the progress of joint initiatives and future lines of work. At this meeting, the financing for the "Program to support low-emission urban mobility" was signed, following its ratification by the Legislative Assembly in recent days.


Improving coverage and efficiency in the water and sanitation sector is one of the pillars of the strategic alliance between El Salvador and CAF, so the institution granted a non-refundable technical cooperation to the Administración Nacional de Acueductos y Alcantarillados (ANDA) to develop feasibility studies to expand ANDA's sewerage and treatment coverage and reduce contamination of water bodies. The signing of this agreement was headed by ANDA's president, Rubén Alemán, and Sergio Díaz-Granados, CAF's executive president.

The CAF delegation, made up of Christian Asinelli, Corporate Vice President of Strategic Programming; Pablo Terrazas, Chief of Staff; Lina Mondragón, Senior Executive of the Office of the President, and Oscar Avalle, representative in El Salvador, culminated their visit to the country with a meeting with the minister of Tourism, Morena Valdez, to explore initiatives to work together to promote the quality and profitability of public space, and enhance cultural heritage, among others.


Translated by: A.M