A. M. The Legislative Assembly of El Salvador approved three resolutions on tuesday from the Finance Commission, aimed at strengthening key areas such as agriculture, tourism, and energy. In the case of the agri-food sector, a US$20 million allocation was allocated to the Ministerio de Agricultura y Ganadería (MAG).
The funds will allow for the creation of new agricultural markets and a Supply Center in Usulután, to guarantee affordable prices for basic food products. Additionally, they will strengthen the logistics of current distribution centers and directly connect producers with consumers.
The purpose of this investment is to ensure the supply of food and protect salvadoran families from seasonal increases, improving food security and boosting the rural economy in different areas of the country. During the same legislative session, a budget modification of more than US$22 million was approved, originating from a CABEI loan, to continue the implementation of Phase I of the Surf City program in La Libertad and Sonsonate.
This project seeks to improve tourist mobility, road infrastructure, and basic sanitation along the Coastal Highway corridor, boosting human and economic development in the coastal area.
The Executive Branch has already signed an agreement of up to US$113 million with the financial institution for the full implementation of the Surf City I program, and at least two investment projects will be developed within this first phase.
The deputies ratified a US$93 million loan from the Inter-American Development Bank (IDB), which will allow CEL to advance the Universal Energy Access Program, with the goal of electrifying rural areas.
This initiative is expected to benefit more than 8,700 families through the installation of electrical grids, mini-grids, and solar systems, guaranteeing access to electricity for all homes and schools in the country by 2030.
