Banco Hipotecario turns one year as a founding signatory of the Principles of Responsible Banking
Written by Dinero StaffOn September 22, 2019, Banco Hipotecario de El Salvador, together with more than 130 financial institutions worldwide, signed the first sustainability framework within the banking industry: the United Nations Principles for Responsible Banking. On that occasion, the signatories committed to aligning their business strategy and practices with the Sustainable Development Goals and the objectives of the Paris Climate Agreement.
FUSADES: Post-Pandemic indebtedness compromises short-term liquidity
Written by Sandy VelascoAccording to the latest economic analysis by the Salvadoran Foundation for Economic and Social Development (FUSADES), the indebtedness of Covid-19 has significantly affected El Salvador's public finances.
The Ministry of Economy (MINEC) announced the new reference prices for fuels, effective from September 22 to October 5, 2020, which experience a substantial decrease for regular gasoline of US$2.54, the special one of US$2.69, while diesel maintains its price at US$2.16, for the present fortnight.
Post-pandemic economic reopening gradually stabilizes the country's development
Written by Sandy VelascoThe minister of Economy, María Eliza Hayem, explained that salvadorans have resumed growth in a very short term, despite the pandemic caused by the Covid-19.
Uncertainty about reopening of air transport in the country due to PCR tests
Written by Sandy VelascoThe International Air Transport Association (IATA) urges the salvadoran government to formalize the conditions in order to provide certainty to the industry about the Covid-19 test regulations in the context of the resumption of air transport operations in the country, scheduled for September 19.