Business and Economy

El Salvador exports

El Salvador exports have increased by 16.7% in 2022 compared to 2021

As of August 2022, El Salvador exports are $5090.79 million for a monthly average of $636.35 million. Salvadoran exports in 2022 have increased by 16.71% compared to the same 2021 period and by 64.66% compared to the same 2020 time frame. El Salvador Exports 2020 2021 2022 Change2021-2022 January 509.88 … Read more

President Nayib Bukele

El Salvador repurchases $565 million of its 2023 and 2025 bonds

El Salvador Government announced a $565 million repurchase of its 2023 and 2025 bond debt. President Bukele announced this on his Twitter account on Wednesday, September 21st. “El Salvador has successfully completed the first advance purchase operation of bonds maturing in 2023 and 2025, managing to repurchase bonds for more … Read more

San Salvador El Salvador

Remittances to El Salvador increased 3.6% as of August 2022

Using BITCOIN in EL SALVADOR | Firs...

Remittances to El Salvador from January to August 2022 totaled $5065.62 million; it represents a 3.61% growth compared to the same 2021 period; the latest data from the Central Reserve Bank of El Salvador (BCR) shows the increase. Monthly remittances to El Salvador in 2021 averaged US$625.33 Million, reaching an … Read more

El Salvador Fitch rating

El Salvador Fitch rating gets downgraded to CC from CCC

On September 15th, as Salvadorans celebrated independence day, the El Salvador Fitch rating got downgraded to CC from CCC. Tight fiscal and external liquidity and high financing needs are some of the reasons for Fitch’s downgrade. This is the second downgrade from Fitch of El Salvador’s rating in 2022. In … Read more

El Salvador Credit Ratings

El Salvador Credit Ratings in 2022

El Salvador Credit Ratings in 2022 are: Fitch rating is CC with no outlook available; Standard & Poor’s Rating is CCC+ with a negative outlook, and Moody’s Rating is Caa3 with a negative outlook. El Salvador Credit Ratings 2022 Agency Rating Outlook Date Fitch CC N/A September 15th, 2022 Standard … Read more

Acajutla port El Salvador

Salvadoran exports increased by 16.7% in 2022 compared to 2021.Good news for El Salvador!

According to the latest foreign trade report from the Salvadoran Central Reserve Bank (BCR), exports of Salvadoran goods in 2022 increased by 16.7% compared to the same 2021 period. “Exports from El Salvador as of July 2022 totaled US$4,494.1 million, US$644.5 million higher than the sales made in the same … Read more

Financial Inclusion in El Salvador

Financial Inclusion, a problem that affects many Salvadorans and businesses

Financial Inclusion in El Salvador is a problem that affects over 70% of the population and most micro and small businesses, especially those that operate informally. Financial exclusion in El Salvador prevents many people and enterprises from accessing essential inexpensive financial products or services. Individuals who face this financial exclusion … Read more