El Diario El Salvador stated that “with this agreement, in addition to ensuring the preservation of a key ecosystem for the future”, the country manages to restructure part of its credit obligations to strengthen its financial position and obtain additional financing in the future.

It specified that the largest debt conversion in the history for the conservation of El Salvador’s hydrographic basins was completed the day before, with the agreement for one billion dollars for the repurchase of 1,031 million bonds at a discount to their nominal value.

The publication explained that the operation involves the International Development Finance Corporation of the United States (DFC), the Government of El Salvador, the Development Bank of Latin America and the Caribbean (CAF), the Catholic Relief Services (CRS), the Environmental Investment Fund of El Salvador (FIAES), and ArtCap Strategies.

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