El Salvador Secures $646 Million Funding Boost from BCIE

The Central American Bank for Economic Integration has announced $646 million in funding for El Salvador in 2025. This includes $350 million for new infrastructure projects and $296 million for ongoing initiatives. The announcement came following a meeting between President Nayib Bukele and BCIE's head Gisela Sanchez.


Devdiscourse News Desk | Updated: 13-11-2024 07:12 IST | Created: 13-11-2024 07:12 IST
El Salvador Secures $646 Million Funding Boost from BCIE
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In a strategic financial move, the Central American Bank for Economic Integration (BCIE) has committed $646 million to fund projects in El Salvador for the year 2025.

The funding announcement, made on social media, comes after a meeting between Salvadoran President Nayib Bukele and BCIE's head Gisela Sanchez.

Specific allocations include $350 million earmarked for new infrastructure projects, with an additional $296 million directed towards ongoing initiatives, as detailed in the social media post on X.

(With inputs from agencies.)

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