The Central American Bank for Economic Integration (CABEI), forecasts a positive evolution for the coming months in the case of foreign trade and employment generation.

Family remittances sent to El Salvador from abroad totaled US$701.8 million in may 2022, accumulating US$3,145.9 million in the first five months of the year, with a growth of 3.9% equivalent to US$117.9 million more than in the same period of the previous year.

The Banco central de Reserva (BCR), informed through its twitter account that El Salvador exported US$684.3 million in goods in May 2022, being the second month with the highest amount of exports so far this year.

The Ministry of Economy (MINEC), launches several initiatives to promote the development of entrepreneurs, who represent an important link in the dynamization of the Salvadoran economy. For this reason, it implements actions to promote an innovation ecosystem that aims to establish a connection between this sector and national and international actors.

Due to the high increases in food prices, corn is one of the essential products of the basic food basket that is going through the hikes that inflation is generating worldwide.

With an investment of US$1 million, the Ministerio de Agricultura y Ganadería (MAG) announced that it will support the livestock sector in three programs.

The World Bank (WB), in its most recent World Economic prospects report, informed that due to the complex world conditions that are affecting growth in Latin America and the Caribbean, such as the war in Ukraine that is having considerable effects in the region.

The global inflation crisis will leave a balance of increased poverty in Central America in the current year 2022, according to a report by the Economic Commission for Latin America (ECLAC).

The Minister of Economy, María Luisa Hayem together with the Ambassador of Argentina, Ruben Ruffi and the Undersecretary of Trade and Investment, Alberto Acosta, participated in a multisectoral meeting with Argentine companies, to share business and investment opportunities offered by our country.