News
El Salvador’s Basic Food Basket Cost in 2024 is $254.79 in Urban Areas
El Salvador’s basic food basket cost per family is $254.79 for the urban sector and $183.02 for rural areas. The Salvadoran essential food basket cost in urban areas is about 28.2% more expensive than in the rural sector. One of the principal worries Salvadorans have in 2024 is the high … Read more
Year to Date, Remittances to El Salvador Are Down $18.43 Million or 0.96%
Thus far, in 2024, remittances to El Salvador are down 0.96% compared to 2023. According to the Central Reserve Bank of El Salvador (BCR), remittances to El Salvador as of March 2024 totaled $1895.7 million. The figures from the Salvadoran Reserve Bank indicate that this year’s remittances have decreased by … 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
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
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
Lake Coatepeque El Salvador Emergency: What You Need to Know!
The Salvadoran Ministry of Environment and Natural Resources (MARN) declared an emergency in Lake Coatepeque, due to the contamination caused by cyanobacteria. The emergency measure is set to remain in effect for 12 months, to avert potential natural disasters and alleviate public health concerns stemming from the proliferation of cyanobacteria … Read more
The 11th Jocote Baron Rojo Festival in San Lorenzo, Ahuachapan, Is Set for Sunday, April 7, 2024
As it has occurred 10th times before, the San Lorenzo district in the Ahuachapan North municipality will hold its traditional Jocote Baron Rojo festival; the 11th Jocote celebration will be on Sunday, April 7, starting at 8:00 AM at the municipal plaza. Jocote Baron Rojo is one of the two … Read more
