Displaying items by tag: EL SALVADOR
CABEI disburses US$10 million to El Salvador for PROVIDA program
In order to achieve the goal of reducing the Quantitative Housing Deficit in the Republic of El Salvador by 4.1% through the Programa de Vivienda y Vida Digna (PROVIDA) executed by the Fondo Social para la Vivienda (FSV), el Banco Centroamericano de Integración Económica (BCIE) made a third disbursement of US$10 million of the total amount of US$50 million, totaling US$29 million to date.
El Salvador's IMAE grew 2.1% as of march 2022: CABEI
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.
Remittances to El Salvador amounted US$701 million from january to may 2022
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.
BAC Credomatic El Salvador invests US$12.5 million in modernization of data center
BAC Credomatic El Salvador has invested US$12.5 million in upgrading the facilities and equipment of its new data center, or data center located in its offices in San Marcos.
World Bank downgrades economic prospect for El Salvador
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.
Mastercard seeks to empower more than one million women in Guatemala, El Salvador and Honduras
Today, during the 9th Summit of the Americas held in Los Angeles, California, Mastercard reinforced its pledge to empower financial and digital inclusion in El Salvador, Guatemala and Honduras with a new set of commitments and programs focused on advancing the economic empowerment of women and girls in the region.
El Salvador and Argentina share business and investment opportunities
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.
El Salvador shows 2.7% year-on-year growth in Central America
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+
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".
El Salvador with low score in budget transparency
According to the International Budget Partnership (IBP) survey, El Salvador falls in the world rankings of budget accountability and obtained a drop of five points, going from 46 in 2019 to 41 in 2021 on a scale from 0 to 100.