El Salvador: $150 Million in Projects
In the second semester of 2009, the Millennium Fund will execute its largest ever purchasing plan for a total of $150 million.
Friday, June 12, 2009
Of the total funds donated by the United States through the Millennium Challenge Corporation (MCC), the Millennium Fund, Fomemilio, already has committed $52 million to be disbursed in September. The remainder of the funds has not yet been awarded.
Fomilenio, the country's Millenium Fund, has signed contracts relating to energy and drinking water infrastructure in the north of the country.
Of the $461 million Fomilenio donation, the government institution created to administer the projects has now committed $358 million.
Fomilenio, the country's Millenium Fund, has signed contracts to carry out community infrastructure, public services and productivity improvement projects.
The Millennium Fund (Fomilenio) will invest a total $45 million in the first half of 2010, both in infrastructure and productive development projects.
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