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El Salvador opens coast to Millennium investment

Thursday, November 15, 2012

The government of El Salvador unveiled a plan to reduce poverty through the development of the country’s coastal areas, using funds from a US aid program known as the Millennium Challenge Corporation, MCC.

The region accounts for 34 percent of the country’s territory and has a population of 1.5 million of El Salvador’s 6.1 million residents.

El Salvador’s coast “is the richest area of the country” and also is the region where “there are more social problems,” because 56 percent of the population lives in poverty and 20.5 percent are illiterate, Segovia said.

Source: AFP