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Reforms to the Anti-Usury Law go into effect today
Written by Evelyn Alas
Today the reforms to the Law Against Usury, the Code of Commerce and the Civil Code go into effect, with the purpose of eradicating and sanctioning conducts related to the generation of interest on interest on commissions.
As of thursday 28th, one lane of the Utila roundabout, Santa Tecla, is expected to be opened
Written by Evelyn Alas
August vacations are approaching and salvadorans are already preparing their routines to go to the various beaches of El Salvador to enjoy with family and friends.
Claro expands its services and service centers in the Perla de Oriente
Written by Evelyn Alas
Focused on providing a better experience with fast, effective and optimal attention to customers and salvadorans, Claro El Salvador opens its new Claro Store in the Perla de Oriente, located in the shopping center "El Encuentro".
IDB Invest, IDB Lab and Israel to boost agribusiness in Latin America
Written by Evelyn Alas
The IDB Group, through its private sector arm, IDB Invest, and its innovation lab, IDB Lab, has joined forces with the Government of Israel to empower climate-smart agribusiness in Latin America and the Caribbean (LAC).
Banks inspected to verify that they are not charging cardholders for memberships
Written by Evelyn Alas
Reforms to the Credit Card Law went into effect today in order to protect the patrimonial rights of users of the financial system, mainly those who are cardholders.
Countries of the Americas defined actions in favor of food security: IICA
Written by Evelyn Alas
The member countries of the Comité Ejecutivo del Instituto Interamericano de Cooperación para la Agricultura (IICA) recognized that the coordinated work of the countries of the Americas is essential to confront a food, nutrition and humanitarian crisis in the region and the world, given the current international environment, and expressed their support for collective action by the Americas to address these challenges.
Consultancy agreement to implement the sustainability protocol for ABANSA member banks
Written by Evelyn Alas
The Asociación Bancaria Salvadoreña held the closing ceremony of the advisory agreement to implement the sustainability protocol for ABANSA member banks, provided by IDB Invest, signed in early 2020, and executed in conjunction with the Sustainability Committee, composed of representatives of the Association's member banks.
Maybe at this point in your life you don't feel like having a "safe harbor for life", but it doesn't hurt to have stability, even if it's relative.
Construction sector had a 4.8% decrease in first quarter 2022
Written by Evelyn Alas
The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, informed in an interview that the construction sector has been affected, having a decrease of 4.8% in the first quarter of 2022.