Displaying items by tag: EL SALVADOR

The President of the Banco Central de Reserva BCR), Douglas Rodriguez, affirmed in a morning interview that El Salvador is one of the countries in the Central American region that has an inflation rate of 7.5%.

Kash continues to innovate in the region and now offers the possibility of making transfers throughout the national territory, using WhatsApp. Kash is the only P2P application of its kind in the area that uses the WhatsApp platform to communicate with end users and be able to make transfers through the Kash app.

With the aim of continuing to put technology at the service of the safety of the community that uses the Uber app on a daily basis, and in view of the celebration of the Micro, Small and Medium Enterprises Day (MiPYMES) on june 27, Uber announced a new security tool for users and those who use this product to verify shipments through Uber Flash or Flash Moto.

As part of the commemoration of the 10th anniversary of the signing and entry into force of the Association Agreement between the European Union (EU) and Central America, El Salvador obtained the denomination of origin for the premium coffee brands Cacahuatique, Tecapa Chinameca, Chichontepec, Alotepec Metapán and Bálsamo Quezaltepec.

In order to achieve the goal of reducing the Quantitative Housing Deficit in the Republic of El Salvador by 4.1% through the Programa de Vivienda y Vida Digna (PROVIDA) executed by the Fondo Social para la Vivienda (FSV), el Banco Centroamericano de Integración Económica (BCIE) made a third disbursement of US$10 million of the total amount of US$50 million, totaling US$29 million to date.

The Central American Bank for Economic Integration (CABEI), forecasts a positive evolution for the coming months in the case of foreign trade and employment generation.

Family remittances sent to El Salvador from abroad totaled US$701.8 million in may 2022, accumulating US$3,145.9 million in the first five months of the year, with a growth of 3.9% equivalent to US$117.9 million more than in the same period of the previous year.

BAC Credomatic El Salvador has invested US$12.5 million in upgrading the facilities and equipment of its new data center, or data center located in its offices in San Marcos.

The World Bank (WB), in its most recent World Economic prospects report, informed that due to the complex world conditions that are affecting growth in Latin America and the Caribbean, such as the war in Ukraine that is having considerable effects in the region.

Today, during the 9th Summit of the Americas held in Los Angeles, California, Mastercard reinforced its pledge to empower financial and digital inclusion in El Salvador, Guatemala and Honduras with a new set of commitments and programs focused on advancing the economic empowerment of women and girls in the region.