Resource information
El Salvador is the smallest country in
Central America, and one of the most densely populated in
the world. El Salvador is among the countries most affected
by weather-related events and other hazards, incurring
annual losses of around 2.5 percent of GDP. Worldwide, it
ranks second highest for risk exposure to two or more
hazards and highest for the total population at a relatively
high risk of mortality. Furthermore, climate change is
expected to increase the frequency and severity of weather,
related events. The new Administration is committed to
making El Salvador more ‘productive, educated, and safe’ by
promoting inclusive growth and resilience. The World Bank
Group’s (WBG) proposed new CPF intends to promote inclusive
growth and to foster resilience, with a focus on policy
levers that could contribute to break the vicious circles in
a sustainable manner. The proposed CPF is aligned with the
Government’s priorities and informed by the WBG’s recent
SCD. To strengthen the mutually-reinforcing foundations of
inclusive growth, the proposed WBG engagement would support
objectives which seek to: (i) build capacity to create safer
communities for economic development; (ii) improve
secondary-school attainment; (iii) enhance youth
employability and skills; and (iv) increase access to
finance. To foster sustainability and resilience, the
proposed CPF seeks to: (v) promote the efficiency of public
spending; and (vi) build capacity to manage disasters and
environmental challenges. Taking into account the challenges
faced by El Salvador, the WBG wishes to provide a modest but
catalytic role through the implementation of these six objectives.
