The Ministry of Foreign Affairs of El Salvador has set an ambitious goal to attract over $110 million in investments in 2025, according to Vice-Chancellor Adriana Mira. Speaking before the Finance and Special Budget Committee of the Legislative Assembly, Mira outlined the ministry’s plans for the upcoming year, emphasizing the crucial role of economic diplomacy in achieving this target.
The ministry’s budget for 2025 amounts to $45.5 million, as detailed in the national budget bill currently under review. A significant portion of this funding will be allocated to various initiatives, including $17.6 million for supporting the Salvadoran diaspora and human mobility, and $21.4 million for international policy and integration efforts. Additionally, $482,795 will be directed towards the Transformation of the Business Climate Program, while $129,365 will go toward the Dr. José Gustavo Guerrero Diplomatic Training Institute.
Mira highlighted the importance of the Foreign Ministry’s ongoing work with Salvadoran embassies and consulates, as well as the 23 economic advisory boards that promote Salvadoran products abroad and attract investment. She emphasized that through these coordinated efforts, the ministry expects to generate over $110 million in investments and exceed $5.5 million in exports of Salvadoran products.
In 2023, the ministry successfully secured $111.5 million in direct investments, as well as $83 million in large-scale public investment, particularly in infrastructure through multilateral organizations. The Foreign Ministry also facilitated $3.3 million in exports and coordinated 63 missions to attract potential investors and entrepreneurs.
In addition to its investment initiatives, the Foreign Ministry, in collaboration with the Salvadoran Agency for International Cooperation (ESCO), plans to offer 8,000 scholarships for Salvadorans to pursue further education abroad next year. Mira encouraged the public to apply for these academic opportunities, which aim to expand the professional skills of Salvadorans in partnership with various countries.