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IMF recommends redoubling efforts to address salvadoran financing constraints
Written by Evelyn Alas
The 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 Alas
According 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 Alas
Ratings 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 Alas
The 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 Alas
The 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.
High energy prices: who is most affected and why?
Written by Evelyn Alas
Energy prices rose sharply over the last year, a trend that was exacerbated by Russia's invasion of Ukraine. Although energy prices are expected to decrease by 11% in 2023, if that projection materializes, they would still be 75% higher than the average of the last five years in Latin America.
How high interest rates can impact businesses for better and for worse
Written by Evelyn Alas
For any business, cash flow is the lifeblood of success. Too often, however, owners overlook how interest rates can play an important role in their capital structure and profitability.
When you go to hire a banking service, you usually go to the usual financial institution, without considering other options. The recommendation is to compare several options before choosing a bank.
Road reconstruction of the Usulután bypass is 30% complete
Written by Evelyn Alas
The reconstruction of the Usulután bypass is already 30% complete. The work includes the improvement of 9.4 kilometers of road that will guarantee that the circulation along this important route will be in optimal conditions.