Thursday, 07 July 2022 03:01

El Salvador signs US$100 million in financing with the World Bank

Written by Evelyn Alas

The minister of Finance, Alejandro Zelaya, signed a US$100 million retroactive financing agreement with the Banco Internacional de Reconstrucción y Fomento (BIRF), an institution of the World Bank Group through its new representative in El Salvador, Carine Clert.

With this operation, the BIRF recognizes the expenditures made by the Government in the acquisition of COVID-19 vaccines, medical supplies, and investment in the health system.

Institutions such as the International Monetary Fund (IMF) and the World Health Organization (WHO) have recognized El Salvador as one of the world's leading countries for its excellent management of the pandemic, in addition to its exemplary and early vaccination plan.

El Salvador and the World Bank have strengthened their strategic alliance, through approvals for projects to help all sectors of the country.

The Central Government has managed in an agile way the continuous acquisition of vaccines to combat COVID-19, being one of the countries in the region with a faster pace, applying around 11 million doses throughout the national territory. In this way, the lives of Salvadorans have been prioritized, investing their taxes in the renovation of the health system.