Business and Economy

El Salvador Bitcoins

President Bukele Buys 21 Bicoins. El Salvador now has 1,391 Coins

President Nayib Bukele announced Yesterday, Tuesday, December 21st, the purchase of 21 new Bitcoins. The Purchase of the 21 coins was made at 21 hours with 21 minutes and 21 seconds on the 21st day of December. Click here to view more details. On September 7th, 2021, El Salvador became the first country to have … Read more

International Monetary Fund

2021 International Monetary Fund Report on El Salvador’s Economy

The International Monetary Fund (IMF) reported this Monday, November 22nd, that it completed the review of Article IV regarding the economic behavior and outlook for El Salvador. The published report focused on El Salvador’s policies to secure inclusive growth, improve fiscal sustainability, ensure financial stability, and reinforce economic governance. The reports mention good things done … 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 dollars began last April. “The … Read more

Salvadoran Construction Company

El Salvador’s small business owners uncertain about Bitcoin

On Tuesday, June 8, Salvadoran Congress passed a new law making El Salvador the first country in the world to classify bitcoin as a legal currency. The lawmakers, with 62 out of 84 votes, approved President Nayib Bukele’s proposal to embrace cryptocurrency. The Salvadoran government believes Bitcoin will… Read More

El Salvador Ferry

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 the Government of President Nayib … Read more