Producers in El Salvador, Honduras and Guatemala, will have a processing plant, technical assistance and a global distribution network.
The funds from the Italian-Latin American International Organization (IILA) and the Italian Agency for Development Cooperation (AICS) are part of the project entitled "Revitalization of the quality cocoa chain in Central America and the Caribbean."
The Investment Committee of the Millennium Challenge Corporation has given approval for the implementation of Fomelino II in the marine coastal area of El Salvador.
This "is a momentous step for the realization of this strategic commitment which will bring significant benefits to the population of the coastal area and the country in general," said Alexander Segovia, Technical Secretary of the Presidency.
A Wall Street Journal article has pointed out the futility of the Northern Longitudinal Highway and a recession in the Salvadoran economy over the last 10 years.
"... The Northern Highway (which passes through some of the least populated areas of the most densely populated country in Central America) is an unfinished work, courtesy of the North American taxpayers," noted an article on Online.wsj.com.