LatinNews Regional Monitor: Caribbean & Central America - 23 April 2019

* The World Bank (WB) Group Executive Board has approved a US$200m project in El Salvador to improve the institutional performance of municipalities and increase access for citizens to services and infrastructure resilient to adverse natural events. According to a WB press release, the Local Economic Resilience Project will benefit approximately 4.5m Salvadoreans in all 262 municipalities. The project aims to boost local economic development by aligning public finance management goals and results with financing for resilient municipal investments. It will also support the creation of a competitive fund available to all municipalities to finance strategic regional investments at a multi-municipal scale.

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