2024-08-14 07:13:44
The deputies of the Legislative Assembly of El Salvador approved the country’s affiliation with the Asian Infrastructure Investment Bank (AIIB). The decision, which was supported by 57 of the 60 deputies, has as its main objective to promote sustainable economic development and open new opportunities for the financing of strategic projects.
Lawmakers explained that joining the AIIB will allow El Salvador to access resources and financial support for a variety of infrastructure initiatives. According to the parliamentarians, membership seeks to boost the country’s economic growth through cooperation with an international organization recognized for its focus on green infrastructure projects, technology, and regional connectivity.
The Asian Infrastructure Investment Bank, established in 2016, is a multilateral financial institution that currently has 109 members.
With the inclusion of El Salvador, the country becomes the first partner from the Central American region to join the AIIB, joining nations such as Germany, England, Australia and France. This integration represents a significant step towards greater regional and global cooperation in the infrastructure sector.
The AIIB stands out for prioritizing the financing of projects that promote environmental sustainability and technological infrastructure. In addition, the entity focuses on improving connectivity and fostering regional cooperation, aspects that align with the development goals of the Salvadoran government.
