El Salvador must reestablish financial stability buffers: IMF
Written by Evelyn AlasAccording to the International Monetary Fund (IMF), explained in its mission inside the salvadoran nation that the country's banking sector remains healthy, but timely measures are required to reestablish financial stability buffers.
Entrepreneurs who evade payment of ISSS or AFP will face justice
Written by Evelyn AlasThe Ministerio de Hacienda (MH), together with the Attorney General of the Republic launch today phase 4 of the Anti-evasion Plan, which will strengthen joint actions in the fight against evaders and crimes against the Treasury.
Amounts traded on the stock exchange for january 2022-2023 grew US$88 million: SSF
Written by Evelyn AlasThe Superintendencia del Sistema Financiero (SSF), informs that the amount traded in the integrated stock exchange between El Salvador and Panama, reflects an interannual growth of US$88.1 million as of january 2023.
El Salvador must strengthen the financial sustainability of the pension system
Written by Evelyn AlasThe International Monetary Fund (IMF), during its visit to El Salvador, said that given demographic trends, it is still necessary to strengthen the incentives and financial sustainability of the pension system to limit contingent liabilities and encourage the development of the capital market.
IMF recommends redoubling efforts to address salvadoran financing constraints
Written by Evelyn AlasThe International Monetary Fund (IMF) recommends that, starting this year, it is necessary to redouble efforts to develop a balanced and well-articulated set of measures to support consolidation.
ISSS reported an increase of 103,029 people enrolled in the formal labor sector
Written by Evelyn AlasAccording to the Ministerio de Economía (MINEC), El Salvador has reached unprecedented levels in formal employment and in the contribution of local private investment.
Moody's maintains El Salvador's rating at 'Caa3' but upgrades it to stable
Written by Evelyn AlasRatings agency Moody's has upgraded El Salvador's outlook from negative to stable, reflecting the country's reduced risk of defaulting on its financial obligations after completing two early bond purchase transactions in 2022 and the recent payment of an US$800 million (€745 million) international bond.
In january, more than 1 million domestic and foreign travelers entered and left the country
Written by Evelyn AlasThe Dirección General de Migración y Extranjería registered the entry and exit of 1 million 42 thousand national and foreign citizens to and from the country in January, in all land, air and maritime immigration controls.
El Salvador's GDP will grow 1.7% in 2023 and 1.5% in 2024: IMF
Written by Evelyn AlasThe International Monetary Fund (IMF), explained that Latin American economies held up well last year despite shocks stemming from the Russian invasion of Ukraine and global interest rate hikes.