IDB Backs El Salvador Fiscal Strengthening Bid

    The Inter-American Development Bank and El Salvador have inked an agreement that provides USD200 million for the development of the country’s fiscal sector.

    The loan will be used for a fiscal strengthening program that supports El Salvador’s treasury and protects funding for the country’s social programs for low-income groups. It is part of a broader package worth USD450 million that IDB approved for El Salvador earlier this year.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.