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Fiscal measures and bond payments have improved El Salvador's position and are anticipated to be a good trend in the country.
Fitch Ratings rules out default risk for El Salvador
Written by Evelyn Alas
Fitch Ratings has upgraded the country's credit rating by 3 levels from CC to CCC+, due to the successful results obtained in the debt repurchase operations and the payment of the bond maturing in early 2023.
Minister of Labor to hold meeting in response to Union Unity's demands
Written by Evelyn Alas
The minister of Labor, Rolando Castro said through his twitter account that, in response to the request of the Union Unity to set up a negotiation table, this will be held next week and will initiate a dialogue in view of the petitions requested.
Seeking to level the payroll of workers registered by Seguro Social and AFP
Written by Evelyn Alas
The reform promoted by President Nayib Bukele to strengthen the Pension System includes provisions to prevent irresponsible employers from not transferring workers' pension savings contributions.
Price spike: Shipping lines 'inflate' spot rates in contract negotiations
Written by Evelyn Alas
The recent spike in container freight rates in the spot market could be a 'manipulation' by shipping lines to 'inflate' values ahead of the contract rate negotiation season for the 2023-2024 season, at least according to analyst firm Clarksons.
Researchers Network presents study on the evolution of the Transfer365 system
Written by Evelyn Alas
The Researchers Network of the Banco Central presented the study entitled "Evolution of the Transfer365 payment system and its impact on the Salvadoran economy", which presents an analysis of the development and evolution of this system almost two years after its implementation, as well as an evaluation of the benefits it provides to the population using payment systems in El Salvador.
Deposits grew 4% to US$18.382 billion as of april 26, 2023
Written by Evelyn Alas
The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, explained in a morning interview that the country's financial health has shown positive results, as deposits made by salvadorans showed a 4% growth as of april 26, 2023, or US$18,382 million compared to the same period of 2022.
The Ministry of Finance reminds taxpayers that the last day to file and pay Income Tax (ISR) for fiscal year 2022 is tomorrow, may 2.
World Bank Group approves strategy to generate more jobs, strengthen human capital and climate resilience in El Salvador
Written by Evelyn Alas
The World Bank Group (WBG) Board of Executive Directors today endorsed the Country Partnership Framework (CPF) 2023-2027 for El Salvador. This strategy seeks to promote inclusive and sustainable growth by strengthening the country's human capital and resilience to natural phenomena and climate change.