Bandesal, the state-owned bank, will channel $100 million in funds from the Inter-American Development Bank (IDB) to benefit around 4,000 Mipymes (micro, small, and medium-sized enterprises). Seguir leyendo Bandesal to Inject $100 Million into Mipymes.
The representative of the Latin American Development Bank in El Salvador, Óscar Avalle, has reiterated his congratulations to the country for the upward trend in credit ratings by Fitch Ratings and S&P Global Ratings. Seguir leyendo El Salvador’s Credit Ratings Continue to Rise, Bolstered by Government Efforts for Sustainable Development.
Thanks to investments made by various state-owned companies, renewable generation has seen a notable increase. In April alone, El Salvador produced a total of 240 gigawatt-hours (GWh) of renewable energy, as reported by the DGEMH. Seguir leyendo El Salvador Leads in Geothermal Energy Generation, Boosting Economy and Energy Stability.
In a recent forum organized by the United States Embassy, Luis Marrero, the Manager of Public Sector for Central America and the Caribbean at Amazon Web Services, congratulated El Salvador for having legislation that enables the utilization of available technologies. Seguir leyendo El Salvador’s Technological Advancement Highlighted by Amazon.
Through a tweet, Starlink praised El Salvador and the Ministry of Education for their efforts in reducing the digital divide: “One-third of humanity remains offline, and many users only have basic connectivity. The Ministry of Education in El Salvador—among many others around the world—is installing Starlink in schools to help close the digital divide.” Seguir leyendo Closing the Digital Gap: El Salvador and Starlink Revolutionize Education in La Unión Islands.
The Minister of Public Works and Transportation (MOPT), Romeo Rodríguez, announced that the civil works for the intelligent traffic light project in the Metropolitan Area of San Salvador are 80% complete. Seguir leyendo San Salvador’s Intelligent Traffic Light Initiative Reaches 80% Civil Works Milestone.
With a total investment of $5 million, Noé Torres is currently constructing an ecological theme park called “Termales de la Montaña” (Mountain Springs) in the El Barro canton, Ahuchapán. Seguir leyendo Salvadoran Abroad Invests $5 Million in Tourist Complex in Ahuachapán.
The recent amendments to the legislation have eliminated several barriers that often delayed the commencement of aeronautical operations and were not in line with new international provisions. Seguir leyendo Reforms to Civil Aviation Law Facilitate Arrival of More Investments to the Country.
The Ministry of Education (Mined) has announced that over 800 students and teachers from five schools in rural areas of Chalatenango and La Unión now have access to high-speed internet through the “My New School” initiative. Seguir leyendo Students in Rural Areas Have Access to High-Speed Internet through “My New School” Initiative.
The news of the large-scale logistics infrastructure projects launched by President Nayib Bukele’s government has spread across oceans and borders. This Thursday, the Presidential Commissioner for Strategic Projects, Cristian Flores, met with South Korean company Dongbu Corporation, which expressed interest in several of these mega-projects. Seguir leyendo Logistics projects by President Nayib Bukele’s government generate interest from international companies.