Economic News

The International Monetary Fund (IMF) Adopts Lighter Tone Towards El Salvador and Its Bitcoin Law

The International Monetary Fund (IMF) stated that if El Salvador does not repeal the Bitcoin law, which makes it legal tender in the country, it should at least reduce it as a condition for reaching an agreement to receive around … Read more

Over 30% Monetary Poverty in 17 of 44 New Salvadoran Municipalities

A socioeconomic report created by the United Nations Development Programme (UNDP) reveals that 17 out of the 44 new Salvadoran municipalities have a monetary poverty rate exceeding 30%. The UNDP report, titled Socioeconomic Map: Guide for the new 44 municipalities … Read more

Salvadoran Government Modernizes Its Financial Check System

Douglas Rodríguez, President of the Salvadoran Central Reserve Bank (BCR), announced on Monday, August 19, a new bank service of same-day check clearing service of funds issued through checks within the national financial system. Rodriguez stated at the press conference … Read more

Salvadoran Congress approves agreement between Google and El Salvador

With 65 votes, the Salvadoran Congress approved an agreement between Google and El Salvador to establish operations in the country, which will help digital transformation and modernize government services. The approving vote transpired at the September 6 legislative plenary session. … Read more