Every december 4th is celebrated as International Banking Day. This date was highlighted to emphasize the importance of banks in the development of countries, drivers of the economy and the improvement of people's living standards, among other points. 

 

Monday, 04 December 2023 18:31

BCR launches National Fintech Strategy

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The Banco Central de Reserva (BCR) has launched a new strategy with which it seeks to improve the salvadoran digital financial ecosystem, through technological innovation.

Monday, 04 December 2023 05:14

New record remittances reported in Latin America

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According to a new report from the Inter-American Development Bank (IDB), remittances received by Latin American and Caribbean countries are projected to reach a record US$155 billion in 2023 if trends observed to date continue.

El Salvador currently holds the pro tempore presidency of the Sistema de Integración Centroamericana (SICA), and in this context a tool was launched in the country that will help facilitate intra-regional trade and beyond Central American borders, called "the Plataforma Digital de Comercio Centroamericana (PDCC)”.

Thursday, 30 November 2023 14:48

ETESAL inaugurates electrical substation in Apopa

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Empresa Transmisora de El Salvador (ETESAL), has put into operation a new electrical substation in Apopa, which will benefit 38,826 users, including industrialists, merchants and the general population.

Authorities in El Salvador have implemented more measures to boost economic growth. The Minister of Economy, María Luisa Hayem, highlighted that this administration has facilitated the conditions for more investors to settle in the country, eliminating bureaucracy and reducing red tape.

 

Thursday, 23 November 2023 05:23

Salvadoran economy could grow 8% according to UCA

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Members of the Economics Department of the Universidad Centroamericana (UCA) presented the results of a study they conducted on the reality of the salvadoran economy and its future forecasts.

Thursday, 23 November 2023 04:55

CAMPO members ask to solve problems with the ISTA

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Members of the Asociación Cámara Salvadoreña de Pequeños y Medianos Productores Agropecuarios (CAMPO), approached the Legislative Assembly to request a solution to some problems that some farmers have with the Instituto Salvadoreño de Transformación Agraria (ISTA).

The recently approved Law of Issuance of Digital Assets (LEAD) has the potential to position El Salvador as a hub for financial exchanges, by providing a legal framework to increase transactions with digital assets, add liquidity and develop the issuance of these assets in the capital market framework.