Monday, 10 January 2022 01:12

What is insurance?

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Insurance is a financial instrument that allows individuals, companies and the State to transfer their risks to a third party -person or company-, through the payment of a sum of money.

The Minister of Public Works, Romeo Rodríguez, leads the rehabilitation of the crossing between the municipalities of Tonacatepeque and San José Guayabal through the new bridge over the El Sillero River.

The Ministry of Housing, through the Housing Improvement Program for Low Income Families, has benefited 500 families nationwide with a social investment of US$1.2 million.

The Ministry of Public Works (MOP), verified the initial construction works of the overpass over Redondel Utila, Santa Tecla, which is the first in execution of a total of seven to be built in the Metropolitan Area of San Salvador (AMSS).

The Ministry of Finance eliminates bureaucracy and simplifies procedures in different areas such as financial, commercial, labor, personal, among others, by homologating the Número de Identificación Tributaria (NIT) with the Documento Único de Identidad ( (DUI).

The Superintendencia del Sistema Financiero (SSF), informs through its twitter account that 2021 was the year with the highest amount authorized in securitizations, reaching US$462.10 million, reflecting greater financing opportunities for entities and better returns for those for investors through the securities market.

Vendors in downtown San Salvador have had to increase the prices of school supplies to achieve minimal profits, risking offering notebooks at US$0.80 and US$0.90 where they earn US$0.02 and US$0.03 in order not to lose their clients.

El Salvador is on the list of candidates with the greatest potential to become the next headquarters of the Central American debt market.

Keeping track of your personal expenses will keep you out of debt and substantially improve your relationship with money.