Climate love

Rashid Kamau

5 w

World Bank

Climate love

World Bank approves $100 million loan for El Salvador water projects



The World Bank approved a $100 million loan to El Salvador to help the Central American country improve the reliability and quality of its water supplies as well as prepare for natural disasters, the lender said in a statement on Thursday.
The loan will mature in 25 years and include a five-year grace period, according to the statement.
"It's key for our country to promote the rational use of water so as not to compromise or jeopardize its availability for future generations," said Finance Minister Alejandro Zelaya.
The financing assistance aims to modernize the country's water and sewage services, and cover the metropolitan area of the capital that receives water from the Torogoz treatment plant.
The plant supplies water to some 40% of the people living in San Salvador's metro area, the lender said.
The loan is also set to create an immediate response plan for a natural or human-caused emergency.
"We consider this vitally important to work for Salvadoran families exposed to droughts, storms and floods who suffer continuously from the interruption of their water services," said Carine Clert, the World Bank's manager for El Salvador and Costa Rica.
Clert stressed that improving water infrastructure will particularly benefit women in the country, who are disproportionately caregivers and heads of households.
The announcement comes shortly after the World Bank announced another loan to Panama, intended to support the country's sustainable growth and climate resilience.

Do you agree?

24 more agrees trigger social media ads

  • George Kariuki

    5 w

    This is the way to go. We need more and more investments.

    8
    • Ajema Lydiah

      5 w

      great

      7
      • Ann Nyambura

        5 w

        way to go!

        5
        • Elizabeth Gathigia

          5 w

          financing such projects that support growth for communitie it's the way to go

          14
          • Hilda Wangui

            5 w

            Great idea

            6
            • Joseph Githinji

              5 w

              Amazing

              15
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