Spain to continue supporting water and sanitation programs in Latin America
The acting cabinet of prime minister Pedro Sánchez approved a €5 million (US$6 million) contribution to the Spanish Cooperation Fund for Water and Sanitation (FCAS) in 2019. According to the Ministry of Foreign Affairs, European Union and Cooperation, this new funding will serve to manage, monitor and evaluate up to 78 programs implemented by the FCAS in Latin America.
Created by the Spanish development agency AECID in 2009, the FCAS aims to provide water and sanitation facilities to developing and middle-income countries in Latin America. The FCAS accounts for an overall financial portfolio of €1.65 billion (US$1.9 billion).