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Salvadoran President Announces $1.61 billion in Private Investment for El Salvador's Third Phase of Economic Reform Program

El Salvador's president, Nayib Bouquer, used his personal X account to introduce the third phase of El Salvador's economic plan. This new phase, called "logistics," will require raising private investment to modernize the country's port infrastructure. The first step involves investing $1.61 billion to modernize the ports of Acajutla and La Unión. The joint venture with Turkish port operator Yilport Holding will bring in more than $1.61 billion to transform two of the country's most important ports: Acajutla and La Union.