Displaying items by tag: EL SALVADOR

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.

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.

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.

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.

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.

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.

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.

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".

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.