Displaying items by tag: EL SALVADOR

Family remittances received by El Salvador totaled US$5,332 million in the period from january to august 2023, according to data published by the Banco Central de Reserva (BCR).

For the implementation of the project “Fortalecimiento de las capacidades de mujeres y jóvenes para la implementación de la Agricultura Climáticamente Inteligente” more than $6 million will be invested, and El Salvador will receive a financial contribution of $4.9 million from the Government of South Korea, cooperation that will be used for the realization of this initiative, to be developed over the next three years, with emphasis on the departments of San Miguel and Usulután.

The increase in bank deposits in El Salvador in 2023 reflects a more dynamic economic activity compared to 2022, which demonstrates the confidence of salvadoran depositors.

The Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) approved a $77 million loan in favor of the Republic of El Salvador to support the implementation of a telemedicine system in the country.

This afternoon His Highness Tamim bin Hamad Al Thani, Emir of the State of Qatar arrived to El Salvador on a state visit and will meet with the President of the Republic, Nayib Bukele, tomorrow wednesday at the Presidential House, in San Salvador.

As of august of this year, El Salvador has received 2 million visitors, which translates to more than US$2.48 billion in foreign exchange income.

The U.S. Department of Homeland Security (DHS) has extended from 60 days to 18 months the re-registration periods under the Temporary Protected Status (TPS) designations of El Salvador, Haiti, Honduras, Nepal, Nicaragua and Sudan.

Is it time to collect profits or is it now a virtuous circle? According to data revealed by Santander Corporate & Investment Banking, El Salvador's bond rally almost defies gravity, with bond prices now comfortably in the 70s and yields near a threshold that could soon suggest market access.

Claro El Salvador celebrates the return of the Super Liga Claro, the most anticipated children's soccer championship that brings together 800 children who love the beautiful game in a series of matches where each team will give its best effort to be the champion of this sixth edition. 

Two years after the Bitcoin Law came into force to become legal tender, there is evidence of an increase in visits from abroad, the minister of Tourism, Morena Valdéz, highlighted that the use of this cryptocurrency in the country has contributed to attract more international visitors to the territory.