El Salvador: $ 90 Million for Social Program

The European Union and the AECID funded part of the Caring Communities program with more than $ 90 million.

Thursday, November 25, 2010

Through this agreement, both agencies agree to formulate, monitor and evaluate a new budget for the period 2011 to 2014. The agreement will provide a volume of government support of around 71 million Euros (about 94.8 million dollars).

The Caring Communities program is a cornerstone of the Universal Social Protection System driven by the Salvadoran government. This initiative has been strengthen by the EU and the AECI in 2005 and 2006, respectively, which have provided a significant percentage of funding.

More on this topic

CABEI Provides $ 8 Million to Nicaragua

March 2011

The project by the Central American Bank for Economic Integration will assist in improving living conditions of low-income families located in rural areas.

To improve the living conditions of people in rural areas of Nicaragua, the Central American Bank for Economic Integration (BCIE), approved $ 8 million supporting the Integration of Small Producers to Value Chains and Market Access Program (PROCAVAL).

$ 19 Million from WB to Nicaragua

February 2011

The funds will be earmarked for social development programs and to combat poverty.

The $ 19.5 million loan is for implementing the Family and Community Welfare Care Model, sponsored by the Ministry of Family, Youth and Children, (Mifano).

The Social Welfare Project is aimed at families living in extreme poverty with one or more children under 13 years of age, giving priority to children who are working and/or outside the school system.

IDB Finances Program for Poor Children in Nicaragua

December 2009

Loans totaling $15 Million will support startup of program to deliver services to urban children below age six

The Inter-American Development Bank has granted Nicaragua two loans of $7.5 million each to finance a social welfare program for children under six years of age who live in extreme poverty in the nation’s cities.

The Politics of Latin American Poverty

August 2008

Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment.

The region needs secure contract and property rights. If local leaders won't defend those rights, programs like Mr. Obama's $2 billion "global education fund" won't amount to a hill of frijoles.

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