Business and Economy
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
El Salvador Begins Construction of New Airport in the Eastern Region: A Game-Changer for Regional Development
Yesterday, President Nayib Bukele symbolically began the construction of phase one of the Pacific Airport by laying the first stone of the project. This airport is one of his flagship projects, which seeks to revitalize the eastern part of the … 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
Tax Relief in El Salvador: Legislative Assembly Greenlights Amnesty for Overdue Tax Payments
The Salvadoran Legislative Assembly passed a special transitional law enabling citizens to voluntarily settle their tax, customs, and traffic debts. The law was approved during the September 3 plenary session, with 57 legislators voting in favor of the bill. This … 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