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.

According to Elsalvador.com, José Angel Quriós said: "When we speak about injecting money into the economy, Fomilenio is going to execute the largest purchasing plan of its history in the next six months. This means making commitments for job generating projects... the acquisition of machinery and a series of components that will begin to invigorate the economy."

More on this topic

Fomilenio Invests $2 Million in El Salvador

September 2010

Fomilenio, the country's Millenium Fund, has signed contracts relating to energy and drinking water infrastructure in the north of the country.

These projects, valued at $2 million, will be financed with part of a $461 million donation from the US Millennium Challenge Corporation (MCC).

El Salvador: 85% of Fomilenio's Funds Now Allocated

September 2010

Of the $461 million Fomilenio donation, the government institution created to administer the projects has now committed $358 million.

September will mark three years since the signing of the agreement between the Millennium Challenge Corporation (MCC), the US government and El Salvador.

El Salvador: $361 Million in Infrastructure Contracts

August 2010

Fomilenio, the country's Millenium Fund, has signed contracts to carry out community infrastructure, public services and productivity improvement projects.

Of the $460.9 million donated by the Millennium Challenge Corporation (MCC), $361 million have now been earmarked.

El Salvador: $40 Million for Infrastructure

January 2010

The Millennium Fund (Fomilenio) will invest a total $45 million in the first half of 2010, both in infrastructure and productive development projects.

The infrastructure projects to be developed include a stretch of the Northern Longitudinal Highway (CLN in Spanish), and the construction of houses, drinkable water systems and rural roads.

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