U.S. to help boost El Salvador's economy

The United States said it will invest $277 million in El Salvador's economy as the two nations try to battle poverty and stem the flow of illegal immigration across the U.S. border from Central America.

The funding would be part of a program by the U.S. government's Millennium Challenge Corporation, the U.S. embassy in El Salvador said in a statement.

"The new compact with El Salvador will spur investment through public private partnerships and better regulations, improve the quality of education and strengthen key logistical infrastructure," the embassy said.

Source: Reuters