The Minister of Labor, Rolando Castro announced in a press conference that by july a contingent of 250 to 300 salvadorans will be sent to work in Canada.
According to authorities of the Ministerio de Economía (MINEC), a new increase in fuel prices is expected, exceeding US$6 per gallon for super, regular and diesel gasoline.
Promoting the competitiveness of the region's productive and economic sectors in accordance with its institutional mandate to promote the integration and balanced economic and social development of the countries, the Central American Bank for Economic Integration (CABEI) has held meetings with key economic agents of its member countries throughout the first six months of the year.
In a survey conducted by Dinero.com.sv, traders say that the prices of several products of the basic food basket have increased in the last months, such as potatoes, tomatoes, onions, green chili, eggs, basic grains and meats.
The Central American Bank for Economic Integration (CABEI), forecasts a positive evolution for the coming months in the case of foreign trade and employment generation.
Family remittances sent to El Salvador from abroad totaled US$701.8 million in may 2022, accumulating US$3,145.9 million in the first five months of the year, with a growth of 3.9% equivalent to US$117.9 million more than in the same period of the previous year.
The Banco central de Reserva (BCR), informed through its twitter account that El Salvador exported US$684.3 million in goods in May 2022, being the second month with the highest amount of exports so far this year.
The Ministry of Economy (MINEC), launches several initiatives to promote the development of entrepreneurs, who represent an important link in the dynamization of the Salvadoran economy. For this reason, it implements actions to promote an innovation ecosystem that aims to establish a connection between this sector and national and international actors.
Due to the high increases in food prices, corn is one of the essential products of the basic food basket that is going through the hikes that inflation is generating worldwide.