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The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries.Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. [14]
Alina Carare, who led this mission, released a statement that demonstrated the positive growth El Salvador has seen over the past “The economy grew 2.2 percent in the first half of the year, and inflation hovered around zero. After dipping in the second quarter, remittances growth returned to its long-term rate of 4 percent.
El Salvador will likely dial down bitcoin's role as a legal tender in exchange for a $1.3 billion loan from the International Monetary Fund, The Financial Times reported.
Corruption in El Salvador is a problem at all levels of government, however, according to a poll conducted by the Cid-Gallup in February 2023, only 4 percent of Salvadorans believed corruption as the most pressing issue facing the country.
El Salvador is talking to the International Monetary Fund (IMF) about securing some $1.3 billion in financing and sees a "golden opportunity" to revitalize its economy after the ruling party's big ...
SAN SALVADOR (Reuters) -El Salvador's President Nayib Bukele took office on Saturday for a second term pledging to cure the "illnesses" of the Central American country by prescribing his medicine ...
U.S. President Donald Trump meets with El Salvador President Nayib Bukele in September 2019 in New York City.. U.S.-Salvadoran relations remain close and strong. U.S. policy towards the country promotes the strengthening of El Salvador's democratic institutions, rule of law, judicial reform, and civilian police; national reconciliation and reconstruction; and economic opportunity and growth.
The constitutional chamber of El Salvador's Supreme Court of Justice on Friday declared an executive decree that would establish protocols for the gradual reopening of the economy as unconstitutional.