News

IDB Supports Fiscal Reform for Climate Change Adaptation in El Salvador

IDB7 March 2012: A new Inter-American Development Bank (IDB) project in El Salvador will support fiscal and regulatory reform, as well as physical infrastructure upgrades for climate change adaptation, and improve the country's resilience to disasters.

The US$200 million IDB loan will focus on four programme areas: macroeconomic stability; fiscal sustainability; institutions; and resilience and adaptation to climate change. Under the project, sectoral plans for agriculture and forests will be developed and physical infrastructure re-evaluated and strengthened to reduce vulnerability and increase resilience to extreme weather events. [IDB Project Website]