Life in El Salvador
The International Monetary Fund “IMF” Predicts El Salvador’s Economy Will Grow by 3% in 2024
The International Monetary Fund (IMF) improved its growth projections for El Salvador and expects the country to grow 3% at the end of 2024; this projection is higher than the 1.9% predicted in October 2023. The IMF is the second economic organization in 2024 that has increased the country’s projections. … Read more
El Salvador State of Exception; A Security Measure Implemented to Fight Gangs
El Salvador’s State of Exception is a security measure implemented by the Salvadoran Government to attack criminal gangs directly. The state of exception that restricts some constitutional guarantees has resulted in the arrest of over 79,000 alleged gang members and collaborators. The security measure was approved in late March 2022 … Read more
El Salvador Credit Ratings: S&P maintains El Salvador’s rating at B- with a Stable Outlook
On Thursday, April 15th, the S&P Global Ratings agency declared that it would uphold El Salvador’s sovereign risk rating at B-, maintaining a stable outlook. S&P Global is the first credit rating agency to respond following the Salvadoran government’s announcement of its reentry into the international market after a four-year … Read more
The Economic Commission for Latin America “ECLAC” Predicts El Salvador’s Economy Will Grow by 2% in 2024
The Economic Commission for Latin America (ECLAC) predicts an economic growth of 2% for El Salvador in 2024. The projected increase was made public on ECLAC’s December 2023 Preliminary Overview of the Economies of Latin America and the Caribbean 2023. The United Nations agency’s projection falls below the 3% to … Read more
The World Bank Predicts El Salvador’s Economy Will Grow by 2.5% in 2024
On April 10, the World Bank improved El Salvador’s economic growth outlook from 2.3% to 2.5%. However, the forecast is lower than the official Salvadoran Central Reserve Bank (BCR) forecast, which estimates a rate of between 3% and 3.5%. The World Bank’s 2024 projection for the country is the lowest … Read more
President Nayib Bukele’s Approval Rating! What’s Behind the President’s Popularity?
Since becoming president in 2019, President Nayib Bukele’s approval rating has been over 75%; his approval is the highest any Salvadoran president has sustained during a presidential term. Bukele is the world leader with the highest domestic support. Nayib Bukele’s popularity continues in 2024. His dynamic leadership, emphasis on improving … Read more
The Salvadoran Central Reserve Bank (BCR) Projects an Economic Growth of 3% to 3.5% in 2024
The Salvadoran Central Reserve Bank (BCR) projects that El Salvador’s economy will grow between 3.0% and 3.5% in 2024, driven by an increase in the development of public and private investment projects. BCR’s President Douglas Rodríguez affirmed that one of the primary drivers of this economic growth is the improved … Read more
