The Development Bank of Latin America and the Caribbean (CAF) has announced plans to open a permanent headquarters in El Salvador. Óscar Avalle, CAF’s representative in the country, shared the news during an interview on Channel 10’s Night Interview. This move comes two years after CAF first arrived in El Salvador, and marks a significant step in strengthening the relationship between the institution and the country.
“We arrived two years ago to El Salvador and had no office. Now we are in a small office, but we’ve decided to establish a permanent headquarters in the country,” said Avalle, revealing that a piece of land in San Benito has been acquired for the new office. The headquarters is set to be inaugurated this Thursday.
CAF’s focus in El Salvador aligns with its broader mission of promoting Green Sustainable Development and supporting countries in their reconstruction efforts. Avalle highlighted the institution’s commitment to sustainable economic growth, emphasizing the importance of creating conditions for development. “We need sustainable economic development, and we create the necessary conditions,” he explained.
In addition to CAF’s new headquarters, Avalle discussed other key projects, including the Pacific Airport in Conchagua, La Unión. He stressed the importance of resilient infrastructure for the country’s future and mentioned the ongoing analysis and investment to assess the viability of the new airport. “El Salvador has a jewel with Ilopango airport,” he noted.
Avalle also underscored the significance of improved air connectivity and the need for technological advancements. “To be part of this fourth industrial revolution, connectivity is essential,” he stated, revealing plans to develop a new internet cable linking Miami, Panama, and El Salvador. This initiative aims to provide lower-cost internet and 5G connectivity nationwide.