In a conference given by the Managing director of the International Monetary Fund (IMF) Kristalina Georgieva, she pointed out that the current problem with remittances is that they have an average transfer cost of 6.3%.

With the objective of promoting partnership and dialogue on priority issues on the strategic partnership agenda between the European Union (EU) and Latin America and the Caribbean (LAC), the Central American Bank for Economic Integration (CABEI) participated in the "European Union - Central America: New Alliances for Development Dialogue Conference", held in Panama.

If anything positive has come out of the previous crises, it is learning about the importance of saving at home and becoming familiar with key financial terms that help to understand the fine print of a bank contract (floor clause, IRPH...). However, financial education is still a challenge for spanish. If we are not used to saving, comparing and understanding what we are signing, it will be difficult to pass this need on to our children.

Now it will be easier to open a savings account, said Congresswoman Aronette Mencia, with the possible reforms to the Law to Facilitate Financial Inclusion, salvadorans will be able to open their deposit accounts with ZERO amount.