The initiative aims to benefit at least 597,493 students and 1,335 teachers in basic and secondary education throughout the country, including 10 departments with high rates of multidimensional poverty and 2,247 rural communities, in the context of the COVID-19 pandemic.

CABEI Executive President, Dr. Dante Mossi, said "As the Bank of Central Americans, we recognize the importance of education through a quality education system that has the technological resources that are essential in the digital era, so that we can train professionals for the new generations and create a region with more and better opportunities.

Connectivity and Internet access will be increased by 61 and 47 percentage points for students and teachers, respectively. Likewise, the intervention will lead to an increase of more than 20 percentage points in the connectivity of the population and the penetration of internet services in El Salvador.

The operation is framed within the Human Development and Social Inclusion Axis of CABEI's Institutional Strategy 2020-2024, which seeks to generate social capacities to improve the region's well-being and quality of life.

The financial conditions of this loan are for a 20-year term, including a 15-month grace period and an indicative annual interest rate of 2.55%.