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...
Salvadoran families faced a new financial challenge in July, as official data from the National Office of Statistics and Census (ONEC) revealed that the price of the Basic Food Basket (CBA), for both urban and rural sectors, increased by over $5 compared to June. This...
The figure of the current President of the Republic, Nayib Armando Bukele, is of high importance to Salvadorans, as reflected in the latest social mood survey by Francisco Gavidia University (UFG). The survey asked Salvadorans what was most important to them: the...
