Displaying items by tag: economic growth
BANCOLOMBIA highlights El Salvador's economic growth during 2023
According to a Central American economic report by BANCOLOMBIA, it reflects that, during the third quarter of 2023, El Salvador's economy grew 3.6% annually, driven by the deceleration of inflation, household consumption, public and private investment, exports, and the dynamism of the construction and public services sectors.
Acajutla Port expansion will boost operations and economic growth in El Salvador
During a television interview, the head of the Comisión Ejecutiva Portuaria Autónoma (CEPA) Federico Anliker, spoke about the millionaire investment to be made in the country's main maritime terminal, as part of the Expansion and Modernization project contemplated in the Cuscatlán Plan.
Ministry of Labor bets on women's work
The Ministry of Labor of El Salvador is developing the Single Mothers Program, which consists of placing women who have to be mothers and fathers at the same time in jobs.
Economic growth in Latin America and the Caribbean of 1.9% in 2024 and 2.5% in 2025 according to the IMF
The International Monetary Fund (IMF) in its latest economic projections report 2024 places Latin America and the Caribbean with a growth of 1.9% in 2024, and an increase of up to 2.5% in 2025, which implies a reduction for 2024 of 0.6 percentage points with respect to the report's projection in 2023.
Ministry of Labor's Employment Tour has helped hundreds of salvadorans obtain new jobs
The minister of Labor Rolando Castro has visited the entire country promoting the Gira por el Empleo with businessmen and subsequently obtaining the hiring of new human talent that will contribute to the economic growth of El Salvador.
El Salvador strengthens economic growth thanks to the reduction of red tape
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.
Remittance flows to grow 1.4% in 2023 to reach US$656 million
Officially recorded remittance flows to low- and middle-income countries are expected to grow by 1.4% to US$656 million in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage increases for migrants, according to the latest Migration and Development Review published by the World Bank.
El Salvador's economic growth will be boosted by the drop in crime: Moody's
According to Moody's rating agency, Moody's explained in an analysis that improved security levels in El Salvador following the Central Government's crackdown on gangs could eventually boost investment as businesses and consumers gain confidence.
ECLAC proposes cluster policies to overcome low economic growth
The executive secretary of the Comisión Económica Para América Latina y el Caribe (ECLAC), José Manuel Salazar, said at the 2023 Annual Meeting of the World Economic Forum that the average growth rate for the last ten years (from 2014 to 2023 inclusive, considering the 1.3% growth projection for the current year) is only 0.9%.
Economic growth projection for the end of 2022 is 2.8%: BCR
The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, informed in a morning interview that the economic growth projection for the fourth quarter and closing of 2022 is 2.8%.