Economic News
Latin America Remittances to Hit $174.4 Billion in 2025, driven by Central America
Remittances to Latin America and the Caribbean are forecast to reach a record $174.4 billion in 2025, the Inter-American Development Bank stated Tuesday, mainly driven by Central America’s sharp growth amid migration uncertainties that are spurring higher transfers. The IDB … Read more
U.S. Eliminates 10% Tariff on Salvadoran Exports, Launching Negotiations for a New Trade Framework
The United States agreed on Thursday to eliminate a 10% tariff imposed on key exports from El Salvador and establish a reciprocal trade framework that will expand economic cooperation between the two countries. U.S. officials confirmed that the tariff removal … Read more
El Salvador Records Lowest Country Risk Level Since 2018, Marking Major Shift in Investor Confidence
El Salvador has reached its lowest country risk level in nearly seven years, marking a significant shift for a nation once ranked among the riskiest borrowers in global markets. The country’s risk indicator, measured through the Emerging Markets Bond Index … Read more
El Salvador Sees 28.5% Rise in Coffee Exports, Earning $157.3 Million Through September 2025
SANTA TECLA, El Salvador — El Salvador’s coffee exports jumped sharply through September 2025, reaching $157.3 million in sales—a 28.5% increase over the same period last year, according to the Central Reserve Bank (BCR). The increase marks one of the … Read more
Remittances Surpass Exports by $2.2 Billion Through September 2025, Says Central Reserve Bank
Remittances from Salvadorans abroad outpaced exports by $2.2 billion through September 2025, reinforcing the nation’s growing dependence on remittances from its citizens abroad, according to the Central Reserve Bank (BCR). Between January and September, El Salvador received $7.4 billion in … Read more
Salvadoran Lawmakers Consider 60-Day Extension for Taxpayers to Pay Debts Without Added Surcharges
LA LIBERTAD, El Salvador — Taxpayers may soon get another chance to settle outstanding debts without paying interest or surcharges, following a new proposal from El Salvador’s Legislative Assembly. On Monday, October 13, the Finance Commission approved an opinion to … Read more
El Salvador’s International Reserves Surge 59% by September, Nearing Pre-Pandemic Levels of Financial Strength
El Salvador’s foreign reserves have surged nearly 60% over the past year, marking one of the country’s strongest financial recoveries since the onset of the pandemic’s economic disruptions. According to the Central Reserve Bank (BCR), net international reserves increased to … Read more