Life in El Salvador
Dominican airline Arajet begins operations connecting El Salvador with the Dominican Republic
On Saturday, September 17th, 2022, the Dominican airline Arajet officially inaugurated its operations connection El Salvador with the Dominican Republic. This operation will strengthen ties of friendship, tourism, trade, and economic opportunities between the two nations. On this day, we received the first flight of the Dominican airline Arajet in … Read more
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
San Salvador City Hall will impose fines of up to $2,200 on those who throw garbage on the streets
The San Salvador city mayor and its council modified municipal articles to increase fines on those who throw garbage on the streets; these penalties directly attack the issue of trash on the streets. The changes were approved at a council meeting in San Salvador on Tuesday, September 13th. Articles 84 … Read more
Transportation sectors ask Bukele to consider running for a second presidential term in 2024
During a September 12th press conference in Antiguo Cuscatlan, the Salvadoran national transportation board asked President Nayib Bukele to consider seeking a second term as President during the 2024 elections. The National Transportation Board reported that extortions in the transportation sector have been reduced by 95% thanks to the exception … Read more
Few Salvadorans use bitcoin as a daily currency or investment. “LPG Datos survey”
September 7th marked the first anniversary of Bitcoin becoming a legal tender in El Salvador. The latest LPG Datos survey revealed that most Salvadorans do not use bitcoin as daily tender or investment. According to LPG, “the population is inclined to think that the project has had a more negative … Read more
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
El Salvador to prosecute members of Salvadoran Death Squads of the 1980s for the first time in history
On September 8th, 2022, Salvadoran prosecutors presented an indictment against four people who were part of Salvadoran death squads, which operated in the 1980s during the Salvadoran Civil War. The Salvadoran death squads were a group of paramilitary members responsible for multiple killings during the country’s 12-year civil war, 1980 … Read more
