The Inter-American Development Bank (IDB) has committed to providing more than $1 billion in financing to support various projects in El Salvador by 2025. The announcement follows a successful meeting between IDB President Ilan Goldfajn and President Nayib Bukele.
Goldfajn shared the news on social media, emphasizing that both El Salvador and the IDB recognize the importance of a dynamic private sector and a favorable public environment in driving the country’s growth. «We had an excellent meeting with President @nayibbukele. El Salvador and @el_BID understand that the country’s growth will be driven by a dynamic private sector and a favorable public environment. At the IDB, we support this vision with more than $1 billion in financing for 2025, and the support of @BIDInvest to finance companies, attract investment and generate employment. Count on us!» Goldfajn posted.
This announcement comes in the same week that a group of 60 business leaders from Europe and Latin America visited El Salvador through the Business Council Alliance for Ibero-America (CEAPI). The delegation, led by CEAPI President Núria Vilanova, aims to bring foreign investment to the country. Vilanova explained that this meeting is part of CEAPI’s goal to improve living conditions in Latin America by supporting economies that show growth potential, such as El Salvador.
The IDB’s funding will help finance initiatives that promote foreign investment and job creation in El Salvador, supporting the country’s continued economic development and transformation.