The Central American Bank for Economic Integration (CABEI) and the Federal Republic of Germany signed a financial cooperation agreement for up to EUR 132.0 million to promote sustainable, accessible and safe multimodal transportation projects for people that, in turn, contribute to improving energy efficiency and reducing greenhouse gas emissions, to promote Sustainable Urban Mobility projects in Central America.

The Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) released today a new joint report in which they point out that, in a context in which the economies of the region grew by 6.6% in 2021, the main labor indicators in the region also registered improvements, including growth in employment and the labor participation rate, and a decrease in the unemployment rate.

Saturday, 18 June 2022 16:48

6 financial tips for new parents

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There are important decisions in the life of any person; one of them is to have a child. This step implies a total transformation in your lifestyle, including new responsibilities that cannot be left aside, therefore, the decision to become parents must be taken with awareness and maturity of all kinds, including economic.

The Minister of Finance, Alejandro Zelaya in a morning interview expressed that this year this State portfolio obtained about 16% more in Income Tax (ISR) declarations.

The Minister of Finance, Alejandro Zelaya said in a press conference that fuel prices will be maintained, due to the implementation of measures that continue to help cushion these increases with the elimination of the COTRANS tax and the Fondo de Estabilización Económica (FEFE).

According to statistics published by a report of the Banco Central de Reserva (BCR), between february 2021 and the same month of this year, more than 60 thousand jobs were created in the formal sector of the economy.

Monday, 13 June 2022 20:12

Tips to improve your economy by saving

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There are practical tips on how you can save money, it is very simple, you just have to change certain habits:

Now entrepreneurs, sectors, young people and salvadorans abroad can access formal banking, with the ruling in favor of the reforms to the Law to Facilitate Financial Inclusion, this was announced by the deputy of Nuevas Ideas, Aronette Mencia.

The minister of Finance Alejandro Zelaya, informed through his twitter account that any bank, company or entity that requires the presentation of the Número de Identificación Tributaria (NIT) to carry out procedures to individuals over 18 years old, will be sanctioned by the Ministry of Finance.