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CABEI approves program to mitigate negative effects of fuel price hikes on the economies of countries in the region
Written by Evelyn Alas
Given the escalation of fuel prices worldwide, the Central American Bank for Economic Integration (CABEI) approved an indicative financing of up to US$800.0 million for the "Temporary Support Program in the Face of Rising Fuel Costs in Founding and Non-Founding Regional Countries".
Are businesses ready to be inspected by undercover agents?
Written by Evelyn Alas
Stores and stalls could be being evaluated by undercover agents of the Defensoría del Consumidor (DC) or the Ministerio de Economía (MINEC), due to the recent reforms presented to the Legislative Assembly.
MAG makes available 20 digital maps for coffee growers
Written by Evelyn Alas
The Ministerio de Agricultura y Ganadería (MAG), makes available to the coffee sector 20 interactive digital maps that show the physical, chemical and fertility properties of the soils in the six coffee mountain ranges of El Salvador.
El Salvador shows 2.7% year-on-year growth in Central America
Written by Evelyn Alas
The Consejo de Ministros de Hacienda o Finanzas de Centroamérica, Panamá y República Dominicana (COSEFIN), presented a report on economic activity, inflation and economic cycles in the region.
S&P downgrades El Salvador's Debt Rating to CCC+
Written by Evelyn Alas
Standard & Poors (S&P), informed that it reduced El Salvador's sovereign risk ratings as a result of the reduction of its "financing options" and "fiscal and external debt vulnerabilities".
In june salvadorans will continue to pay US$11.13 per 25 lb. gas cylinder
Written by Evelyn Alas
Ministerio de Economía (MINEC), informs that the value for the 25 pound gas cylinder will remain at US$11.13 for the consumer during the whole month of june, but with the benefit of the subsidy its value will be US$3.09.
BCR confirms 7% growth in formal employment 2022
Written by Evelyn Alas
The President of the Banco Central de Reserva de El Salvador (BCR), Douglas Rodríguez, said in an interview that, as of February of this year, formal employment grew 7%, that is, 60,192 new jobs.
Salvadorans to pay US$4.15 per gallon for regular gasoline
Written by Evelyn Alas
Minister of Economy, María Luisa Hayem, informed in a press conference that fuel prices for this fortnight from may 31 to june 15, 2022, the maximum fuel prices will remain the same.
Remittance flows to El Salvador could decrease due to increase in interest rates
Written by Evelyn Alas
The U.S. Federal Reserve (FED) will continue to increase interest rates in the coming months in order to address inflation and this could have consequences in the dollarized salvadoran economy, which depends on the flow of remittances.