The approved amount will be used for the reconstruction and remodeling of infrastructure and technological equipment in at least 186 schools located in departments with a high Multidimensional Poverty Index, at the kindergarten, primary, secondary and high school levels, in order to improve the quality of education and reduce the dropout rate in these areas.

This financing is part of CABEI's Programa para la Reducción de la Pobreza y la Exclusión Económica y Social (PRPEES), which aims to improve the quality of life of the people of Central America by financing operations to meet the investment needs of the poorest and most excluded communities in their countries in order to contribute to balanced development in the region.

"Investment in education plays a fundamental role in the generation of social capabilities, and favors equal opportunities and the economic and social conditions of the salvadoran population. Likewise, the Bank seeks to support efforts to reduce poverty and inequality among children in the country", explained CABEI President Dante Mossi.

With the “Programa Mi Nueva Escuela”, the student population benefited amounts to 55,401 per year, of which 7,666 are in kindergarten, 29,147 in primary school, 14,642 in secondary school and 3,946 in high school. In addition, this project has a special emphasis on developing skills in young people to increase their employability in better paid sectors and contribute to reduce the wage gap.