Economic News
El Salvador 2025 Art and Design Festival: Creativity Driving Economy and Tourism
SANTA TECLA El Salvador — El Salvador is turning to creativity to fuel economic growth. The government announced the 2025 Art and Design Festival, a nationwide celebration of artisanal talent. The event, now in its fourth edition, was presented on … Read more
El Salvador Offers Diaspora Tax Breaks on $100K in Goods, Two Vehicles
SAN SALVADOR, El Salvador — Salvadorans returning home now have a powerful incentive: the chance to bring up to $100,000 worth of belongings and two vehicles tax-free. The measure, enacted under the Special Law of Benefits and Protection for the … Read more
El Salvador Buys 21 Bitcoins on Bitcoin Law’s Fourth Anniversary
LA LIBERTAD, El Salvador — President Nayib Bukele marked the fourth anniversary of El Salvador’s Bitcoin Law on Sunday by announcing the purchase of 21 bitcoins, despite ongoing restrictions tied to an International Monetary Fund (IMF) loan program. The acquisition, … Read more
El Salvador Buys $50 Million in Gold, First Purchase Since 1990
SENSUNTEPEQUE, El Salvador — El Salvador has purchased gold for the first time in more than three decades, a move its central bank says will strengthen the country’s international reserves. The Central Reserve Bank (BCR) announced Thursday it acquired 13,999 … Read more
Costa Rica Declares El Salvador Ferry Project Unviable After Failing to Attract Bidders
LA LIBERTAD, El Salvador — A long-promised maritime link between El Salvador and Costa Rica has stalled indefinitely, with Costa Rican authorities declaring the project unviable after no private company agreed to take on the service. Verny Jiménez, director of … Read more
Permanent Table for Labor Justice (MPJL) Pushes for 25% Minimum Wage Increase in El Salvador
SAN SALVADOR, El Salvador — The Permanent Table for Labor Justice (MPJL) submitted a proposal last Thursday to increase the minimum wage by at least 25%. The Permanent Roundtable for Labor Justice (MPJL) resubmitted its proposal to the National Minimum … Read more
Bukele Forecasts 5% Economic Growth for El Salvador in 2025, Doubling IMF’s Projection
SAN SALVADOR, El Salvador — Salvadoran President Nayib Bukele projected to double the country’s economic growth rate for 2025, forecasting a 5% expansion despite the International Monetary Fund’s more modest outlook. On April 23, the IMF downgraded its 2025 growth … Read more