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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]
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 ...
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.
The government of El Salvador, the first country in the world to adopt bitcoin as legal tender, is seeking congressional approval to issue investment bonds in the cryptocurrency. El Salvador's ...
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.
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 ...
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.
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.