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Salvadoran GDP to grow 2.8%, exports 14% and remittances 3.7% by the end of 2022: BCR
Written by Evelyn Alas
According to data from the Banco Central de Reserva ,shows that the Gross Domestic Product (GDP) could grow 2.8% by the end of 2022, while exports will increase 14% and remittances 3.7%.
Special Law for Public Works Contracting with Inclusive Financing is being created
Written by Evelyn Alas
The Treasury Commission issued a favorable opinion for the creation of the Special Law for the Contracting of Public Works with Inclusive Financing, in order to establish special conditions for the awarding and execution of projects in which costs are contemplated in their design, construction, supervision and, in some cases, operation and maintenance.
Foreign direct investment in Latin America increased 40.7% in 2021
Written by Evelyn Alas
In a context of weak economic recovery, Latin America and the Caribbean received US$142 million in Foreign Direct Investment (IED) in 2021, 40.7% more than in 2020, but this growth was not enough to reach pre-pandemic levels, the Economic Commission for Latin America and the Caribbean (ECLAC) reported today through a press release that reports the main conclusions of the annual report Foreign Direct Investment in Latin America and the Caribbean 2022.
600 VIP pensions cost the State US$6 million: Treasury
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya, said this morning in a morning interview that with the new reform to the Pension Law, it was corrected that no one in the country will be able to have a pension above US$3,000.
Pension reform will allow salvadorans to no longer return their savings advances
Written by Evelyn Alas
The President of the Republic, Nayib Bukele, informed through his Twitter account that today the reform to the Ley del Sistema de Ahorro para Pensiones (SAP) will be presented to the Legislative Assembly by the minister of Finance, Alejandro Zelaya.
MAG expects to produce 260,000 quintals of corn by the end of the year
Written by Evelyn Alas
The Ministerio de Agricultura y Ganadería, through the Dirección General de Economía Agropecuaria (DEGA) and with the technical support of specialists from the Centro Nacional de Tecnología Agropecuaria y Forestal (CENTA), began the delivery of 5,200 Agricultural Packages of corn to be cultivated in areas where moisture accumulated in recent weeks.
Economy Commission seeks to improve Free Trade Zone workers' rights
Written by Evelyn Alas
The members of the Economy Commission issued a favorable opinion to reform the Law of Industrial and Commercialization Free Trade Zones.
Latin American ministers of Agriculture seek to restore regional economies
Written by Evelyn Alas
Ministers and Secretaries of Agriculture from Argentina, Colombia, Honduras and Trinidad and Tobago will discuss the role of agriculture in the Americas in regional economic recovery and global food security, the environmental impact of the sector and how technology can help overcome current challenges, including fertilizer shortages.
Commission in favor of accessing loan to improve 300 kilometers of rural roads
Written by Evelyn Alas
The plenary of the Legislative Assembly will vote on a favorable opinion issued by the Finance Committee to authorize the Executive Branch, through the Ministry of Finance, to subscribe a loan of up to $100 million with the Inter-American Development Bank (IDB).