Risk assessment agency Moody’s stated that the plan to refinance El Salvador’s domestic debt with local banks, which amounts to around $2.7 billion, is “negative” for financial institutions, according to a publication on their website viewed...
The Law for the Digital Modernization of the State could violate El Salvador’s Constitution. This was the view of economists and legislators after they delved deeper into questions about how the Government agreed to hire services from the tech giant and passed a...
The Government of El Salvador must pay private banks $1.5 billion for the issuance of Treasury Certificates (Cetes) and Treasury Bills (Letes), said this Thursday the head of the Ministry of Finance, Jerson Posada. During an interview on a local channel, the official...
The “General Law for the Digital Modernization of the State” to regulate the execution of the agreement between the government and Google LLC, states that the Salvadoran State will spend up to $500 million on services from the company, more than discussing...
Disclaimer: The opinions expressed in this commentary are those of the author. This commentary is independent of specific political or national interests. The opinions expressed do not necessarily represent the institutional position of IDEA International, its...
Two years ago, El Salvador stunned the world by becoming the first country to make Bitcoin an official currency. Journalists worldwide traveled to the Central American nation of 6.3 million inhabitants, known for its beaches and diaspora in the United States, to...
