El Salvador: Financing for Private Investment Projects

The government plans to make a second call so that investors can submit eligible projects to the investment program 'Apuesta por InversionES', a nonreimbursable fund created as part of Fomilenio II.

Friday, October 3, 2014

With the recent approval of Fomilenio II, the government of El Salvador is considering extending the call for investment projects eligible for funding from the program 'Apuesta por Inversiones ' (API), for which there are 13 projects that passed the eligibility phase in the first call, "... and which represents $14 million in private investment and $48 million in public investment. Of these, six are related to the tourism area, three in agribusiness, two energy, one aquatic and one for aircraft. "

The President of the Agency for Export Promotions and Investment of El Salvador (Proesa), Wiliam Grenadian, told Elmundo.com.sv that "... due to the responsiveness of the program and the progress of the projects submitted in the first round, a second invitation will continue to encourage more investment, though he did not specify a date."

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