Displaying items by tag: EL SALVADOR

Digicel is once again present to provide connectivity to students in the public system nationwide, offering a student package that brings even more benefits, committed to reduce the digital divide in El Salvador, promoting connectivity and digitization at the educational level through the launch of the “Paquete Estudiantil Digicel”, in strategic alliance with the "Secretariat of Innovation" and the Ministry of Education, Science and Technology", as part of the process of modernization and digital transformation of the educational system of our country.

The spanish investment opportunities, in El Salvador was the focus of the bilateral business meeting held last monday, february 28, in face-to-face and virtual format from CEOE with the salvadoran ministers of Economy, María Luisa Hayem and Finance, Alejandro Zelaya.

According to a report prepared by the Asociación Bancaria Salvadoreña (ABANSA), deposits grew +2.4% at the end of 2021, reflecting the economic activity and confidence of salvadoran depositors.

In the framework of the 10th anniversary of the Association Agreement between the European Union (EU) and Central America, the Vice Minister of Foreign Affairs, Adriana Mira, together with the Vice Minister of Economy, Mario Salazar, and the Director of Trade Agreements of the Ministry of Economy, Margarita Ortez, went to the Foreign Affairs Commission of the Legislative Assembly, to hold a working meeting where they presented their considerations for the accession of the Republic of Croatia to the agreement.

The executive director of the Instituto Centroamericano de Estudios Fiscales (ICEFI), Ricardo Castaneda Ancheta, said in a radio interview, that the Central Government does not have the money to honor its commitments in 2022 and particularly in 2023, because US$800 million Eurobonds are due in january.

The Dirección General de Aduanas (DGA), an agency of the Ministry of Finance, reported that they have managed to reduce the times to 9.6 minutes for imports and 5.6 minutes for exports. In both cases, these are the lowest times in Central America, according to studies by the Central American Customs Services.

According to a report by the International Monetary Fund (IMF), El Salvador's economy will grow by 3.2% in 2022, due to robust external demand, resilient remittances, and solid pandemic management.

The Foreign Affairs Committee of the Legislative Assembly issued favorable opinions for the Central Government to ratify the Immunities and Prerogatives Agreement between the Corporación Andina de Fomento (CAF) and the Republic of El Salvador; the Subscription of Guarantee Capital Shares and the Subscription of Ordinary Capital Shares between the Andean Development Corporation and El Salvador and incorporation as a Member Country.

The Asociación Salvadoreña de Intermediarios Bursátiles (ASIB), informed through its Twitter account that yesterday the Central Government held an auction of 360-day Certificados de la Tesorería de la Federación (CETES), awarding US$134 million.

According to the firm Forward Keys, specialized in sector studies, this year El Salvador registers a 45% increase in the number of tickets (to visit) confirmed in the first quarter of 2022, compared to 2019. Thus, the country is positioned as one of the two destinations in Central America where there will be more scheduled trips.