Economic News
Digital Commerce Grows in El Salvador, but Fear and Cybersecurity Challenges Remain
SAN SALVADOR, El Salvador — According to CAMARASAL, the Technology Committee of the Chamber of Commerce and Industry of El Salvador, 22 percent of commerce in El Salvador is conducted digitally, signaling a growing shift toward e-commerce in the country. … Read more
Labor Migration Program Sends Thousands of Salvadorans to Work in U.S. and Canada
Over 11,000 Salvadorans have secured temporary employment opportunities in the United States and Canada through the Labor Migration Program, an initiative spearheaded by El Salvador’s Ministry of Labor and Social Welfare (MTPS). The employment initiative continues to expand, with new … Read more
The International Monetary Fund “IMF” Approves $1.4 Billion Financing Program for El Salvador
Today, the International Monetary Fund (IMF) Executive Board approved a $1.4 billion financing program for El Salvador, providing immediate economic support to the country; it includes an initial disbursement of $113 million. According to the IMF, the program aims to … Read more
ANEP: Women-Led Companies in El Salvador Have Grown 30% Over the Last Decade
The National Association of Private Enterprise (ANEP) stated that women-led companies in El Salvador have increased by 30% over the last decade. ANEP’s president, Agustin Martinez, highlighted the percentage increase during a forum with women leaders of business associations in … Read more
El Salvador and Peru Resume Free Trade Agreement Negotiations
El Salvador and Peru have agreed to restart negotiations for a free trade agreement to boost bilateral trade and create new business opportunities. The announcement came from Peru’s Minister of Foreign Trade and Tourism, Desilú Leon Chempen, following a meeting … Read more
The Central American Bank for Economic Integration will grant $646 million to El Salvador in 2025
The Central American Bank for Economic Integration (CABEI) announced on Tuesday, November 12, the disbursement of $646 million for El Salvador to be delivered in 2025. The funds will be used for new infrastructure projects and current projects. The announcement … Read more
El Salvador’s Bitcoin Experiment: Most Salvadorans Aren’t Using the Crypto Coin
A recent survey conducted by the Francisco Gavidia University (UFG) revealed that 92% of Salvadorans do not use Bitcoin for their daily transactions. Only 7.5% reported using the cryptocurrency, while 0.5% chose not to respond. This survey results indicate that … Read more