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IDB approves loan to support the vulnerable population against natural disasters in El Salvador
09/21/2023 Since 10 months

El Salvador will receive a loan for 100 million dollars from the Inter-American Development Bank (IDB) with the objective of supporting the vulnerable population facing adverse impacts from natural disasters. The loan has a disbursement period of 5 years, a grace period of 5.5 years and interest based on SOFR.

The transaction will finance a new monetary transfer project to benefit families in poverty in urban and rural areas, prioritizing households led by women, with children under 8 years old, with people with disabilities, and/or with people over 70 years old. An integrated social protection system to respond to natural disasters and health emergencies. The project will also increase the coverage and quality of child development services.

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