China promises major investments in El Salvador

Photo: Reuters

At the end of a state visit by President Nayib Bukele to Beijing, the Salvadoran Head of State and Chinese President Xi Jinping gave a joint statement announcing Chinese involvement in major new Salvadoran projects, including building a sports stadium, a library, a water treatment plant, and infrastructure developments in the coastal areas of Surf City and Puerto de la Libertad. The amount of the investment remains undisclosed. President Xi-Jinping said that China will also increase its imports of Salvadoran goods such as sugar and coffee.

President Bukele also held successful meetings with Japan’s Prime Minister Shinzo Abe in Tokyo, with both leaders attesting to the countries’ continued friendly relationship. Japan has previously been involved in infrastructure projects in El Salvador, and in June 2019, El Salvador’s government signed an agreement with the Japan International Cooperation Agency (JICA) for a development plan in El Salvador’s coastal region. Prime Minister Abe stated that Japan now wishes to collaborate in the areas of “logistics infrastructure, industrial promotion and the recruitment of human resources.”

The full publication is available internationally on a subscription-only basis. SUBSCRIBE TO A FREE TRIAL