FOMILENIO II plans to commit 80% of its funds in 2018

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.