WASHINGTON – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler will travel to San Salvador, El Salvador on January 30. Boehler will join U.S. Ambassador to El Salvador Ronald D. Johnson and Salvadoran President Nayib Bukele to discuss opportunities through the U.S. Government’s América Crece initiative to support economic growth in El Salvador and address broader regional security concerns.
During the visit, representatives from the United States and El Salvador will sign a memorandum of understanding (MOU) to establish a framework for bilateral cooperation in support of the América Crece initiative. Launched in 2018, América Crece aims to channel the tools and resources of the U.S. Government—including through DFC and the U.S. Department of State—to catalyze private sector investment in infrastructure and energy projects across Latin America and the Caribbean. Under América Crece, the U.S. has also signed MOUs with Argentina, Chile, Colombia, Jamaica, and Panama.
DFC currently has more than $500 million invested in energy, clean water, and inclusive financial services in El Salvador. The agency’s recent investment in the Energía del Pacífico power plant in Acajutla is expected to help increase national power generation capacity by more than 20 percent.
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.