Displaying items by tag: EL SALVADOR

In El Salvador, the Central American Bank for Economic Integration (CABEI) has supported MYPIMES with more than US$12 million in loans; more than 103 micro and small enterprises have been strengthened with non-refundable resources from Small Grants.

The Government of El Salvador has launched the project "My Financial Journey", designed for young salvadorans to receive financial education through a bus that has advanced and interactive technology resources that will travel through communities in the 14 departments of the country.

Entrepreneurs and businessmen from the region of Tapachula, state of Chiapas, in southern Mexico, participated in a virtual forum for business promotion organized by the diplomatic representation of El Salvador in that country, recently, with a view to attract investors from that destination.

Gross loans in march 2024 reached US$16,508.5 million, compared to US$15,814.9 million in march 2023.

In the ranking of the 18 countries with the highest and lowest inflation in Latin America, El Salvador is among the last positions with an inflation of 0.86% so far in 2024, according to Bloomberg's economic portal.

According to the report of the Asociación Bancaria Salvadoreña, ABANSA, deposits reached more than US$17,553.0 million for the month of march 2024. This represents an increase of 4.2%, equivalent to US$709.4 million more than in march 2023.

The Ministry of Foreign Affairs, through the Embassy of El Salvador in France, coordinated the arrival of a large delegation of businessmen and investors from that country, with the interest of learning firt hand about the opportunities and attractions that exist for the implementation of productive projects and business ideas in areas of high potential.

According to data provided at the "Investment Opportunities" forum, almost 20% of El Salvador's foreign direct investment comes from U.S. investors, in addition, the country registers US$121 million in foreign investment.

Investors now can buy tokens to finance the construction of the Hampton by Hilton hotel, which will mark the milestone as the first hotel inside the Aeropuerto Internacional San Óscar Arnulfo Romero y Galdámez.

The focus of housing projects in El Salvador is centered on sales over US$100,000, leaving unattended the needs of those seeking options below that price range.