The OPEC Fund for International Development has approved $100 million in new financing for El Salvador to advance key investments in tourism, infrastructure, agriculture, and rural livelihoods. The agreements were signed by OPEC Fund President Dr. Abdulhamid Alkhalifa and El Salvador’s Minister of Finance, Jerson Posada.
The first initiative, a $70 million loan for the Surf City Program – Phase II, co-financed with the Central American Bank for Economic Integration (CABEI), will enhance infrastructure and climate resilience along the La Libertad coastal corridor. The project includes the rehabilitation of 23 kilometers of roads and the expansion of sanitation systems that will benefit around 125,000 residents. This initiative strengthens sustainable tourism and inclusive economic growth by generating new jobs and improving connectivity, said Minister Posada.
The second agreement, a $30 million loan for the Rural Adelante 2.0 Program, co-financed with the International Fund for Agricultural Development (IFAD), aims to improve income, resilience, and food security for 74,000 rural households. It will promote climate-smart agriculture, better market access, and rural infrastructure while ensuring that at least half of the beneficiaries are women, with targeted support for youth and indigenous communities.