Remittances to Central America to reach US$38.9 billion in 2022
Written by Evelyn AlasAccording to the Inter-American Development Bank (IDB), remittances received by Central American countries (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) during 2022 will reach US$38.9 billion, marking a new historical high with an annual growth of 16.1%, the highest among all LAC sub-regions in 2022 and still high compared to the average values of 10.4% during the previous ten years.
Agribusiness and allies create Coalición Panamericana de Biocombustibles Líquidos
Written by Evelyn AlasThe main business and industrial associations of the Americas dedicated to the production and processing of sugar, alcohol, corn, sorghum, soybean, vegetable oil and grains, among other products of the agricultural sector, formed the Coalición Panamericana de Biocombustibles Líquidos (CPBIO), with the objective of coordinating the elaboration, promotion and sustainable consumption of these clean energies in the hemisphere.
Regional GDP to grow 1.4% in 2023 and 2.4% by 2024-2025: World Bank
Written by Evelyn AlasThe economies of Latin America and the Caribbean have been relatively resilient in the face of growing debt pressures, inflation and global uncertainty. But new headwinds from falling commodity prices, rising interest rates in developed countries and China's uncertain recovery could once again cast a shadow over the region's prospects.
According to the International Monetary Fund (IMF), in recent years, food and energy prices have risen to near-record highs in the context of the pandemic and war in Ukraine, which have led to major supply disruptions.
Regular and Super Gasoline increase US$0.05 per gallon, but Diesel down US$0.11 per gallon
Written by Evelyn AlasThe Dirección General de Energía, Hidrocarburos y Minas (DGEHM), informs salvadorans about the reference prices of fuels that present an increase of US$0.05 and US$0.02 in regular and super gasoline, only diesel will have a decrease of US$0.12, the costs per gallon will be in effect from april 04 to april 17, 2023.
25 lb. gas cylinder remains at US$11.13 for the month of april
Written by Evelyn AlasThe Dirección de Energía, Hidrocarburos y Minas (DGEHMSV), informs salvadorans about the prices of Liquefied Propane Gas for the month of april 2023.
Plan Verano 2023 expects 78 thousand visitors and US$98 million in foreign exchange income
Written by Evelyn AlasThe Cabinet of Tourism presented the Plan Verano 2023 that will begin on april 1st and end on april 10th.
US$50 and US$100 bills are legal tender in the country for use in commerce and institutions
Written by Evelyn AlasThe Banco Central de Reserva (BCR), explains to salvadorans that by decree of law all businesses and institutions must accept dollar bills of any denomination, including US$50 and US$100, for purchases or daily expenses.
Oficina Nacional de Censos details Producer Prices as of february 2023 were 129.68
Written by Evelyn AlasAccording to the Oficina Nacional de Estadísticas y Censos (ONEC), of the Banco Central de Reserva (BCR), the General Producer Price Index as of february 2023, was 129.68 with a monthly variation of 30%, reflecting an increase in prices in relation to january section with higher growth in real estate activities.