El Salvador: $25 million for Tourism Infrastructure

With the IDB loan approved by the Assembly, improvements will be made in docks and piers, jetties and construction of bike paths in tourist areas along the coastal strip.

Friday, April 10, 2015

From a statement issued by the Legislative Assembly of El Salvador:

The National Assembly passed with 56 votes, a contract signed between the Salvadoran government and the Inter-American Development Bank (IDB), in the amount of $25 million, which will go towards the fund for the "Tourism Development Program of the Coastal - Marina Strip".

In September 2014, the technical team headed by Tourism Minister Jose Napoleon Duarte Duran, explained to the Treasury and Budget Committee, that this program will benefit more than 268,120 people from eleven municipalities in La Libertad and Usulutan . Moreover, it will generate more than 3000 formal jobs and benefit more than 876 tourism businesses.



More on this topic

El Salvador: Less Resources for Tourism and Roads

July 2017

The government is complaining that the decision by the Legislative Assembly not to approve the IDB loan for $114 million, will mean that it will not be possible to develop the tourism and road projects that were planned.

From a statement issued by the Presidency of El Salvador:

El Salvador: $25 million to Support Tourism

August 2013

The funds will mainly be applied to infrastructure construction projects in the Gaza coastal marine area and loans for tourism SME's.

The Inter-American Development Bank has provided a loan of $25 million for a program of tourism development in the coastal marine strip.

El Salvador: IDB Could Finance FOMILENIO II

December 2012

Projects that are not covered by funds from the Millennium Challenge Corporation, could have $60 million in financing offered by the IDB.

According to an article Laprensagrafica.com the IDB representative in El Salvador, Rodrigo Parot, indicated that they are in discussions with the Salvadoran government "about the possibility of linking us to the efforts made in the Association for Growth of the coastal strip - marina and we will be working on a project to leverage resources for these projects "

El Salvador: Coastal Development Strategy Presented

November 2012

The Government has announced the use of a quota from the loans held with international organizations for the development of the coastal-marine area.

The technical secretary of the Presidency, Alexander Segovia, indicated that the funds will be used to support the development of projects of production and social infrastructure in the coastal zone.

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