Thursday, 08 February 2024 00:44

IDB talks with Central American Governors to improve their growth

Written by Karla Gutiérrez

The Inter-American Development Bank (IDB) held a high-level dialogue during the 37th meeting of the governors of the IDB member countries of the Central American Isthmus and the Dominican Republic, which took place on february 5 and 6 in Antigua, Guatemala.

The meeting with the region's ministers of finance and economy was held in preparation for the IDB and IDB Invest Annual Meetings, which will take place march 6-10 in the Dominican Republic. 

The meeting is a space for dialogue with the region's ministers on the priorities that should guide the development agenda for the coming years and how the multilateral institution can deepen its support to countries in financing, knowledge and technical assistance.

El Salvador's Minister of Finance, Jerson Posada, was present after the electoral exercise in the country.

During the IDB Governors' meeting for Central America, they discussed the next steps needed to maintain El Salvador's sustainable growth, and the regional work agenda and potential.


Impact on the region's development

The countries of the Central American Isthmus and the Dominican Republic received $4.7 billion in IDB Group financing for the public and private sectors in 2023, which has strengthened the impact on access to public services, education, citizen security, support for small and medium-sized enterprises (SMEs), resilience to climate change and regional integration.

Between 2020 and 2022, thanks to IDB Group support, nearly 2.5 million students will benefit from educational projects, more than 10 million people will have access to better health services, and nearly 300,000 households will have improved water and sanitation and energy services.

In addition, more than 600 kilometers of roads have been built and improved, strengthening regional integration, trade and the transit of people and cargo.

In 2023, IDB Invest supported impact investments and mobilized private sector resources in areas such as resilient infrastructure, clean energy, digital connectivity, sustainable tourism, strengthening the productive fabric and employment, especially in SMEs and their supply chains, as well as facilitating foreign trade.

BID presenta un programa para la integración y el desarrollo social en  Centroamérica - Centroamérica360


Translated by: A.M