IDB approves $250 million loan to address the COVID-19 pandemic in El Salvador
The Inter-American Development Bank (IDB) approved a loan of $250 million for El Salvador, under the Special Financing for Development modality, which will be used to finance measures to contain the health crisis, mitigate its impact on vulnerable households, and promoting countercyclical policies that reduce their effect on the economy and mitigate the drop in short-term tax revenues.

The loan also includes commitments from the authorities to reduce the fiscal deficit, focus public investment on areas of high relevance for economic recovery and maintain a competitive and transparent economy once the health emergency is overcome.