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El Salvador reduces imports abroad and seeks to attract more investment
Written by Evelyn Alas
According to the report prepared by the Public Policy Observatory of the Universidad Francisco Gavidia (UFG), in the first quarter of 2022, the trade deficit increased to 41.4% and totaled US$2,328 million. This means that purchases made abroad exceeded sales abroad.
El Salvador's country risk improved, dropping 24 points between july 2022 and may 2023
Written by Evelyn Alas
El Salvador significantly improved its Emerging Bond Market Index (EMBI), dropping an average of 24 points between july 2022 and may 2023, that is, it fell from 35.12 points to 13.28 points, after salvadoran authorities sought a way to reduce the risk of default, according to a report by the Public Policy Observatory of the Universidad Francisco Gavidia (UFG).
Seeking to expedite the transit of goods with a US$4 million investment
Written by Evelyn Alas
The Central Government is focusing its efforts on the economic dynamization of the country, through a more efficient transit of goods, this strategy is included in the Plan Maestro Regional de Movilidad y Logística 2035.
Ministry of Foreign Affairs closes more than US$1,752,000,000 in exports and investments
Written by Evelyn Alas
The Ministry of Foreign Affairs, through its economic diplomacy strategy, continues working hard in the search for more and better opportunities for the various sectors and productive actors of El Salvador, with the sum of foreign sales and business projects totaling US$1,752,000,000.
How to monetize your extra income to get the most out of it?
Written by Evelyn Alas
Extra income always represents an incentive for the family economy, especially for those who have only one source of income.
CABEI's LXIII Board of Governors decides to call for a competition to elect a new Executive President
Written by Evelyn Alas
The Governors of the Central American Bank for Economic Integration, meeting in Punta Cana, Dominican Republic, in the context of the LXIII Board of Governors meeting held today, unanimously resolved to call for a competition to elect a new Executive President and a new Comptroller.
IDB announces new Executive Vice President and two Vice Presidencies
Written by Evelyn Alas
The Inter-American Development Bank (IDB) announced two of its Vice Presidents and the Executive Vice President. Jordan Schwartz will serve as Executive Vice President, Ana María Ibáñez as Vice President for Sectors and Knowledge, and Anabel González as Vice President for Countries. The candidates were confirmed by the IDB Board of Executive Directors.
50 salvadorans travel to Canada to work in areas such as agriculture or construction
Written by Evelyn Alas
Through the Labor Migration program of the Ministry of Labor, more compatriots continue traveling to Canada. A new contingent of salvadorans left for the North American country to work legally.
IDB Lab invests in digital payments for micro and small businesses in Central America
Written by Evelyn Alas
IDB Lab, the innovation lab of the Inter-American Development Bank (IDB) Group, approved an investment of $750,000 in the salvadoran startup Cubo to promote the development of digital payments in micro and small businesses in Central America and thus contribute to reduce the gap in financial inclusion.