Sunday, June 4, 2023
HomeEconomyEl Salvador to receive $150 million from development bank for education

El Salvador to receive $150 million from development bank for education

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(This December The story has been Refiled to fix incorrect company stock symbol)

SAN SALVADOR (Reuters) – El Salvador will receive $ million dollar The Latin American development bank CAF loaned to strengthen its education system, the lender said in a statement on Tuesday.

CAF board approves country’s first loan to be used for equipment, training and schools to close El Salvador’s digital gap, the bank said in a statement Say.

CAF Executive President Sergio Diaz said: “We are a country that has developed Strategic ally” – Granados added in his statement that the coronavirus pandemic had created an “educational emergency” in the country. was officially called for bidding last year, March became a full member of CAF, seeking to expand its sources of financing.

In September, Oscar Avalle, CAF representative in El Salvador, said in a TV interview, The bank is working with the government of El Salvador to obtain the loan.

The government expects the Central American country’s economy to grow 2.8% after rebounding from the impact of the coronavirus pandemic with.3% growth. 400



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