Displaying items by tag: EL SALVADOR

The Dirección General de Aduanas (DGA), an agency of the Ministry of Finance, reported that they have managed to reduce the times to 9.6 minutes for imports and 5.6 minutes for exports. In both cases, these are the lowest times in Central America, according to studies by the Central American Customs Services.

According to a report by the International Monetary Fund (IMF), El Salvador's economy will grow by 3.2% in 2022, due to robust external demand, resilient remittances, and solid pandemic management.

The Foreign Affairs Committee of the Legislative Assembly issued favorable opinions for the Central Government to ratify the Immunities and Prerogatives Agreement between the Corporación Andina de Fomento (CAF) and the Republic of El Salvador; the Subscription of Guarantee Capital Shares and the Subscription of Ordinary Capital Shares between the Andean Development Corporation and El Salvador and incorporation as a Member Country.

The Asociación Salvadoreña de Intermediarios Bursátiles (ASIB), informed through its Twitter account that yesterday the Central Government held an auction of 360-day Certificados de la Tesorería de la Federación (CETES), awarding US$134 million.

According to the firm Forward Keys, specialized in sector studies, this year El Salvador registers a 45% increase in the number of tickets (to visit) confirmed in the first quarter of 2022, compared to 2019. Thus, the country is positioned as one of the two destinations in Central America where there will be more scheduled trips.

The President of the Central American Bank for Economic Integration (CABEI), Dante Mossi, informed through his twitter account that a technical team from the institution will visit El Salvador to hold a meeting with the minister of Finance, Alejandro Zelaya.

A new disbursement of US$100.9 million from the Program to Support Economic Recovery Measures Implemented to Benefit Businesses and Employment Affected by COVID-19 was made by the Central American Bank for Economic Integration (CABEI) to support 78,781 micro, small and medium-sized enterprises (MSMEs) affected by the pandemic.

Investors and bitcoiners Max Keiser along with his wife, Stacy Herbert, and the director of Blockstream, Samson Mow, traveled in a military helicopter, to the municipality of Conchagua located in the department of La Union, where the President of the Republic Nayib Bukele has said he will build the Bitcoin City.

El Salvador will chair the 12th Assembly of the International Renewable Energy Agency (IRENA). More than 160 countries will participate in this event, including major world powers.

The Asociación Cafetalera de El Salvador (ACAFESAL), confirmed that, during 2021, there was an increase in coffee exports, according to the sector the country managed to export 79% of the entire harvest of the year.