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El Salvador and Italy join forces to support salvadoran coffee farming with a US$5 million investment
Written by Evelyn Alas
The Governments of El Salvador and Italy are joining forces to support coffee growing in El Salvador, therefore, today launched the Vivicafé Project: "Increasing the Added Value and Valorization of Coffee from El Salvador", which will have an investment of more than US$5 million, financed by the Italian Agency for Development Cooperation, thanks to the management of the Agency of El Salvador for International Cooperation.
Price per pound of beans US$0.90 and US$4.25 carton of medium eggs nationwide
Written by Evelyn Alas
The Defensoría del Consumidor (DC), conducted inspections of bean prices in different points of sale of basic grains, located in the municipality of Izalco, Sonsonate.
From january to august 2022, 70,411 new workers entered the formal sector
Written by Evelyn Alas
Data from the Instituto Salvadoreño del Seguro Social show that between january and august 2022, a total of 70,411 new workers have registered to contribute to this system. These are people entering the formal labor market for the first time.
Nearly 1,250 agro-market producer families reach US$1 million in sales
Written by Evelyn Alas
AgroMercados, promoted by the División de AgroNegocios de la Dirección General de Economía Agropecuaria (DGEA), reached a historic figure of over US$1 million in sales, mobilized from january to september in the 13 editions implemented nationwide.
El Salvador's GDP to grow 2.4% in 2022 and 2.0% in 2023: World Bank
Written by Evelyn Alas
According to the World Bank, El Salvador has experienced modest economic growth in recent decades, with annual Gross Domestic Product (GDP) growth exceeding 3 percent only twice between 2000 and 2020.
If prices are going up, how can we cover basic food basket expenses?
Written by Evelyn Alas
Although last year was the year of economic reactivation and the strengthening of several sectors, the 'recovery' of inflation has also been felt and prices are very high, especially for the so-called basic food basket products.
BCR confirms 2.8% growth for the second quarter of 2022
Written by Evelyn Alas
The Banco Central de Reserva (BCR), affirms that the economic growth for the second quarter of 2022 is 2.8%. In this sense, the President of the BCR, Douglas Rodriguez affirms that El Salvador will not have a recession this year.
IDB approves $106 million to support the recovery of El Salvador's tourism sector
Written by Evelyn Alas
The Inter-American Development Bank (IDB) approved a $106 million loan to support the expansion and recovery of El Salvador's tourism sector. The operation aims to improve sector competitiveness by increasing tourism spending per visitor, increasing employment, and reducing gender gaps in the sector, as well as improving the environmental sustainability of the country's tourism destinations.
Treasury seeks maximum price for fuels and return of FEFE and COTRANS charges
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya delivered four initiatives to the President of the Legislative Assembly in order to protect the pockets of salvadorans in the face of the international inflationary crisis and cushion the economic cost of the same.