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.
Standard & Poor’s Global Rating Agency has increased El Salvador’s credit rating. According to S&P Global Ratings, the long-term rating of CCC+ reflects the country’s dependence on favorable trade, financial, and economic conditions to meet its financial commitments. Seguir leyendo Title: S&P Global Raises Credit Rating for El Salvador.
El Salvador’s recent three-notch credit rating upgrade by risk rating agency Fitch Ratings has been positively received by multilateral institutions and government officials. The country’s credit rating rose from CC in February to CCC+ on Thursday. Seguir leyendo Multilateral Institutions Celebrate El Salvador’s Credit Rating Upgrade.
Fitch Ratings has upgraded El Salvador’s credit rating by three notches, from CC in their February report to CCC+ in their latest document. Seguir leyendo Fitch Ratings Upgrades El Salvador’s Credit Rating in View of Improved Liquidity and Reduced Debt.
The Banco Centroamericano de Integración Económica (CABEI) has invested more than $4 billion in El Salvador for various projects over the past three years. According to Luis Rodríguez, the director country of the CABEI, the bank has about 36 ongoing projects in collaboration with the private, public, and non-sovereign public sector, covering nearly 90% of the multilateral investments in the country. Seguir leyendo CABEI invests over $4 billion in projects in El Salvador
The Salvadoran Ministry of Finance and the President of the Central American Bank for Economic Integration (BCIE), Dante Mossi, signed a non-refundable cooperation agreement worth $625,000 for the Roque Dalton Presidential Scholarship program. Seguir leyendo El Salvador and BCIE sign cooperation agreement for $625,000 for Roque Dalton Presidential Scholarships.
Bloomberg, the specialized media outlet, recently reported that Salvadoran bonds had the “best performance in emerging markets” on Tuesday. Investors applaud the actions of President Nayib Bukele’s government to shore up the country’s finances. According to the publication, the 2025 bonds recorded the highest level since September 2021. Seguir leyendo El Salvador’s Bonds have the Best Performance in Emerging Markets, According to Bloomberg.
A recent publication in the Financial Times pointed out that El Salvador is enjoying economic stability and has avoided default risks, thanks to measures taken by President Nayib Bukele’s government to combat violence and crime, as well as tax evasion by businesses in the country. Seguir leyendo Financial Times Highlights Economic Stability in El Salvador Thanks to Security and Anti-Evasion Measures.
Amid the widespread speculation surrounding the traditional banking system, investors have sought refuge in high-quality assets and bitcoin has begun to regain ground with a 36.5% growth in the last two weeks. Seguir leyendo Bitcoin Emerges as a Safe Haven in the Face of Traditional Banking System Crisis.
