Business and Economy
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
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
El Salvador Needs Policy Changes to get IMF Financing – IMF Spokesman
Gerry Rice, IMF spokesman stated in a November 4, 2021, press conference that to get financing with the International Monetary Fund, El Salvador’s government needs to change some of its policies. Talks between the Salvadoran government and the International Monetary Fund (IMF) to seal a loan valued at 1.3 billion … Read more
Legal Currency of El Salvador. All of El Salvador Legal Currencies
The legal currencies of El Salvador are the United States dollar, the Bitcoin cryptocurrency, and the Salvadoran Peso or Colon. The U.S. dollar is El Salvador’s legal currency used regularly; this is the legal tender used for most local and international transactions; Bitcoin is second. Since September 2021, El Salvador … Read more
El Salvador Ferry, a strategic project to facilitate trade with Costa Rica
El Salvador Ferry is a strategic project by the Nayib Bukele administration to strengthen the commercial exchange between Costa Rica and El Salvador. Once completed, the ferry would connect the Port of La Unión in El Salvador and the Caldera Port in Costa Rica. In early March 2021, officials of … Read more
