El Salvador Uses Debt Refinancing Savings for Major River Conservation
El Salvador commits $350 million from debt refinancing to protect the Lempa River, a vital water source, with support from the U.S.
- The Lempa River, crucial for El Salvador's water supply, hydroelectric power, and agriculture, will benefit from a $350 million conservation investment.
- El Salvador's debt refinancing deal, supported by the U.S., involves a $1 billion debt restructuring with $350 million allocated to environmental projects.
- The conservation initiative aims to address threats like deforestation and unsustainable agriculture in the Lempa River watershed.
- Catholic Relief Services and the Environmental Investment Fund of El Salvador will manage the program, focusing on water security and climate resilience.
- The program includes plans to increase forest coverage, restore degraded lands, and improve water quality over the next 20 years.
Associated Press 