News
Moody’s: El Salvador’s Improvements in Security Are Likely to Improve the Country’s Economy
Moody’s Investors Service, the risk agency, stated that the decline in insecurity levels will bolster the attraction of investments and enhance the outlook for economic growth in El Salvador. “Sustained improvements in security are likely to remove a major deterrent to diversifying the economy,” stated Moody’s announcement, which was shared … Read more
US Trial of Honduras Ex-President Spotlights Thorny Security Ties
As the United States gears up for the drug trafficking trial of Honduran ex-President Juan Orlando Hernández, prosecutors face the diplomatic paradox of presenting evidence showing their government stayed friendly with a leader that it knew was corrupt. Hernández, often referred to by his initials JOH, maintained strong ties with … Read more
El Salvador Among the Top 5 Best Performing Tourist Destinations Worldwide in 2023
The World Tourism Organization (UNWTO) released its list of the best-performing destinations for 2023; El Salvador ranked fifth behind Turks and Caicos, Qatar, Saudi Arabia, and Albania. International tourism recovered 88% of pre-pandemic levels in 2023, supported by strong pent-up demand. Following a strong rebound in 2023, international tourism is … Read more
Salvadoran Legislative Assembly Approves Free Public Transportation During Election Day
During the January 31 plenary session, the Salvadoran Legislative Assembly approved a provisional decree providing a subsidy to the public transportation sector. The objective of this decree is to guarantee that on the upcoming election days, February 4 and March 3, the public transportation service will be free of charge. … Read more
El Salvador Drops Two Points in the 2023 Corruption Perceptions Index
On the 2023 Corruption Perceptions Index by Transparency International released on January 2024, El Salvador received a Corruption Perceptions Index (CPI) score of 31; the country dropped two points from the previous year. The score of 31 is on a scale of 0 to 100, with 100 being the best … Read more
El Salvador’s Exports Dropped by $617.02 Million in 2023, the Worst Decline Since 2020
According to the Salvadoran Reserve Bank (BCR), El Salvador’s exports in 2023 were $6,498.09 million, a drop of 8.67% or $617.2 million less than the $7,115.11 it exported in 2022. Except for a growth spike in February, the country’s exports consistently posted negative numbers throughout the rest of the year. … Read more
The Salvadoran Government Expects 15 Cruise Ships During the 2023-2024 Season
The Salvadoran Government expects at least 15 cruise ships to dock in national ports in the 2023-2024 cruise season. Federico Anliker, president of the Autonomous Port Executive Commission (CEPA), communicated the government’s expectations in a Chanel 10 TV interview. Anliker also noted that the number of cruises may increase; the … Read more
