The World Bank approved a new Country Assistance Strategy (CAS) for El Salvador, projecting loans up to $650 million.
The CAS for El Salvador focuses on three main objectives: reinforcing the basis for economic recovery by confronting macroeconomic and institutional vulnerabilities; improving the provision of social services and increasing economic opportunities, especially for the poor.
The loan aims to enhance private sector competitiveness, consolidate fiscal discipline and increase public sector accountability.
The Second Competitiveness and Public Financial Management Development Policy Loan (DPL) is the result of close coordination with Panamanian officials and is the second of the program’s two loans specified in the Country Partnership Strategy 2008-2010 that supports specific components of the government’s program.
The credit agreement is to help small agricultural producers through the Rural Competitiveness Project.
Minister of Finance, Rebeca Santos, stated that the resources from the agreement will be used to help the small agricultural producers associations and to create alliances with commercial partners and to implement joint business plans to expand access to the market and increase the income of the producers.
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.