El Salvador’s investment landscape has seen remarkable growth, with the country’s investment funds totaling $550 million, marking a 72.81% increase until October. Seguir leyendo El Salvador’s Investment Funds Heritage Reaches $550 Million, Reflecting Robust Market Growth.
Standard & Poor’s Global Ratings upgraded El Salvador’s credit rating to B-, a move backed by JP Morgan who attributes this to the country’s effective debt management and initiatives since Nayib Bukele’s administration. Seguir leyendo JP Morgan Credits El Salvador’s Improved Rating to Persistent Efforts.
The country’s proactive strategy in refinancing short-term debt with local banks and initiating a debt reprofiling scheme contributed to this. Despite this, El Salvador continues to face financial challenges, such as high debt service payments and limited financial options. Comprehensive reforms, fiscal transparency, and financial support from the IMF could lead to further financial stability. Seguir leyendo S&P Global Upgrades El Salvador’s Credit Ratings to ‘B-/B’
El Salvador topped the 2023 Sustainable Finance Index (SFI) for Latin America, according to the Latin American and Caribbean Climate Finance Group. Seguir leyendo El Salvador Leads Sustainable Finance Rankings in Latin America.
El Salvador has observed a surge in the number of savings accounts from fewer than 30,000 in 2019 to approximately 298,641 in September 2023. Seguir leyendo El Salvador Records Surge in Savings Account Openings.
Among the key takeaways from the event was the recognition that El Salvador is emerging as a leader in financial technology, largely attributed to the approval of laws regulating cryptocurrency usage and new payment methods. Seguir leyendo El Salvador Leads Financial Inclusion Trends, Mastercard Says.
El Salvador has recently been recognized for its increasing tourism potential, driven by the government’s achievements in security, according to a recent report titled “An Alternative Growth Model to Reduce Liquidity/Solvency Risks” published by the multinational financial corporation, Santander. Seguir leyendo Santander Highlights Security Strategy as a Driver of Economic Growth in El Salvador.
El Salvador’s stock market has experienced robust growth in the first eight months of the year, surpassing last year’s performance. Seguir leyendo El Salvador Stock Market Surges 71.3% Through August.
El Salvador’s financial indicators continue their upward trajectory, demonstrating the trust of investors in national regulations and the opportunities within the Salvadoran stock market. According to the Superintendencia del Sistema Financiero (SSF), as of August, both open and closed-end investment funds saw a remarkable year-on-year growth of 24.39% in their assets, equivalent to $107.58 million more than the previous year. Seguir leyendo Investment Funds in El Salvador Grow by 24.39% Until August.
El Salvador’s Central Reserve Bank has been selected as the host for the 2024 Global Policy Forum (GPF) of the Alliance for Financial Inclusion (AFI), reaffirming the nation’s commitment to advancing financial inclusion worldwide. Seguir leyendo El Salvador’s Central Reserve Bank to Host 2024 Global Policy Forum for Financial Inclusion.