Displaying items by tag: reduction

Authorities in El Salvador have implemented more measures to boost economic growth. The Minister of Economy, María Luisa Hayem, highlighted that this administration has facilitated the conditions for more investors to settle in the country, eliminating bureaucracy and reducing red tape.

The road safety deployment implemented by the Central Government to protect salvadorans who travel through different roads in the country is developing successfully, reducing 7.42% of traffic accidents so far in december, despite the increase in the number of vehicles during the end of the year.

According to the IDB, growth scenarios for individual countries depend on a variety of factors, from their trade links with Russia to their level of indebtedness. In general, the combined effect of the global growth, commodity and financial sector shocks is a reduction in growth in Latin America and the Caribbean compared to the pre-war scenario, and an expected recovery of the region towards the end of 2023 and in 2024.  

With 81 votes, deputies approved to reduce part of the Value Added Tax (VAT) percentage that salvadorans pay for the purchase of fuel. The proposal was sent by the President of the Republic, Nayib Bukele, through the Minister of Finance, Alejandro Zelaya.