Samson Mow seeks to expand possibilities offered by Bitcoin in agricultural production
Written by Evelyn AlasThe Consejo Salvadoreño del Café (CSC) highlighted that investor Samson Mow was visiting the country, precisely to seek opportunities with this agribusiness.
Uber and InDriver could be legalized in the country, but drivers would earn less
Written by Evelyn AlasTransportation services through apps could be legalized in the country, generating reactions from drivers of such platforms.
CABEI came to the Treasury Commission to show progress in financing social programs
Written by Evelyn AlasThe Special Commission of Finance and Budget received representatives of the Central American Bank for Economic Integration (CABEI) to learn about the progress of financing for social programs and infrastructure works of the bank in the country.
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ASTIC calls for a day of "no mobilization" on february 28th
Written by Evelyn AlasASTIC's President, Raul Alfaro, said in a morning interview that he is calling the corresponding authorities and Salvadorans to a day of "No mobilization", on february 28, due to the recent increases in fuel prices.
El Salvador's credit rating downgraded to CCC on the Fitch Ratings scale
Written by Evelyn AlasFitch Ratings said that El Salvador's credit rating, downgraded to "CCC" from "B-" the country's long-term international issuer default ratings (IDR) have cited concerns over the use of Bitcoin as legal tender in the Central American country.
IMF offers financing to pay US$800 million maturity of the 2023 bond
Written by Evelyn AlasThe Minister of Finance, Alejandro Zelaya, said in a morning interview that several multilateral organizations including the International Monetary Fund (IMF), have offered the Central Government funds to finance the US$800 million maturity of the 2023 bond.
Country risk increased 15.71% in january 2022 according to UFG report
Written by Evelyn AlasAccording to a report prepared by the Universidad Francisco Gavidia (UFG), El Salvador's Emerging Markets Bond Indicator (EMBI) after falling to 5.38 in April 2021, rose to 15.71 in january 2022 (+1,033 basis points in 9 months), in view of changes in the Corte Suprema de Justicia (CSJ), Fiscalía General de la República (FGR), the announcement of free circulation of Bitcoin and uncertainty in the negotiation the International Monetary Fund (IMF).
US$480 million to be invested in the execution of municipal works
Written by Evelyn AlasThe Central Government began to execute a total of US$1.51 billion for this first set of Economic Impulse initiatives. Within this package, US$480 million will be invested in the Dirección de Obras Municipales (DOM).