CABEI President Gisela Sánchez and President Nayib Bukele. The Central American Bank for Economic Integration (CABEI) announced on Tuesday, November 12, the disbursement of $646 million for El Salvador to be delivered in 2025. The funds will be used for new infrastructure projects and current projects.
The announcement of the fund’s disbursement came during a meeting between CABEI President Gisela Sánchez and President Nayib Bukele, who is currently on an official visit to Costa Rica.
According to the Bank, $350 million will be allocated to new infrastructure projects, and the other $296 million is to be used for ongoing projects.
“With this announcement, the bank renews its commitment to our countries to continue supporting their positive transformation,” noted the bank on its X social media platform.
President Bukele expressed gratitude to the president of CABEI for the support, which he stated would help strengthen his plan for the country’s economic growth.
“Now that we are working towards our economic takeoff, this will certainly contribute to those efforts,” expressed Bukele.
CABEI’s president Gisela Sánchez explained that this type of aid is part of a new strategy of the Central American Bank for Economic Integration.
“We have a newly approved strategy with the vision of being able to create a bank, that is stronger, more robust, and that can support the transformation that you are making,” remarked Sanchez.”
The Central American Bank for Economic Integration (CABEI) continues its support towards the Bukele administration. On September 24, the bank announced the approval of a $113.9 million loan to El Salvador to expand the Surf City El Salvador highway.
Now that El Salvador’s violence and crime are under control, the Bukele administration is prioritizing the country’s economic growth by implementing initiatives aimed at infrastructure development, investment attraction, and job creation.
These efforts are designed to drive sustainable progress and improve Salvadoran’s quality of life.
