The funds will be directed to projects focused on environmental sustainability, employment and the reduction of gender gaps.
The bank noted the Central American country needs adequate management for its tourist destinations, as well as an environmental legislative framework that regulates aspects such as coastal management and solutions for access to drinking water and solid waste services.
The funds will also help create seawalls for the restoration of critical ecosystems and foster sustainability plans for tourist destinations.In 2021, El Salvador received 1.2 million tourists, 122% more than in 2020, a year hampered by border closures and quarantines imposed due to the COVID-19 pandemic.
The country captured $1.5 billion in tourism revenues last year, which represented 5.09% of its Gross Domestic Product , according to official figures.Reporting by Nelson Renteria; Editing by Sandra Maler
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