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Submarine Cable Project for Boosting Digital Connectivity in El Salvador
By Eproint
The Governing Committee of the Multilateral Cooperation Center for Development Finance (MCDF) approved a USD 500,000 grant to support the preparation of a submarine cable project to promote digital development in El Salvador and the region.
The grant, which is in addition to the USD 130,000 provided by the Development Bank of Latin America and the Caribbean (CAF), will fund a review of the technical, legal, financial, and environmental safeguards of the submarine cable project, to originate in El Salvador and connect through Panama and other countries in the region.
The project will ensure high-speed digital connectivity between El Salvador and the Central American region. "High-speed Internet not only accelerates the pace of economic growth, but also enables the development of new services, collaboration possibilities, and channels for the government to reach out to vulnerable populations,” explained Gabriel Felpeto, CAF Chief Financial Officer and Vice President of Finance.
The submarine cable project will address El Salvador’s current lack of independent internet connectivity channels and build capacity to harness digitalization in the country and beyond.
MCDF is a multilateral financial mechanism designed to promote investments in high-quality infrastructure and connectivity investments in developing countries.
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In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.