On December 6, FOMILENIO II laid out their annual achievements and stated that the entity has fully entered the project implementation phase.Authorities expect that between December 2017 and February 2018, FOMILENIO II will have obligated 40% of the program’s $365.2 million budget. By the end of 2018, the goal is to have signed contracts for amounts that will cover 80% of the budget. .
During the last two years, FOMILENIO II has been laying the foundations for progress by strengthening policies and regulatory reforms, and reducing bureaucratic red tape
FOMILENIO II is financed by the U.S. government, through the Millennium Challenge Corporation (MCC) and the government of El Salvador.
For more information about the FOMILENIO II’s Annual Report (in Spanish), please visit this link: https://www.fomilenioii.gob.sv/informe-de-rendicion-de-cuentas-2017-fomilenio-ii.html