By: Staff Writer March 19, 2024 The President of El Salvador, Nayib Bukele, said on X (formerly known as Twitter) that he stores a “big chunk” of the country’s bitcoin…
Category: EL SALVADOR
IDB Approves $100 Million to Support Vulnerable Population in El Salvador
September 22, 2023 The Inter-American Development Bank (IDB) approved a $100 million program to support the vulnerable population in El Salvador who face adverse impacts. El Salvador is the third…
MPC Energy Solutions’ results for the first half of 2023 surpass full-year numbers reported for 2022; new development activities in Panama and El Salvador
August 4, 2023 MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of…
El Salvador: Staff Concluding Statement of the 2023 Article IV Mission
February 14, 2023 An International Monetary Fund (IMF) mission, led by Mr. Raphael Espinoza, conducted virtual discussions during January 26-27, and visited San Salvador during January 30-February 8 for the…
Transformative LNG-to-Power Project Lights Up El Salvador, Accelerates Region’s Energy Transition
October 21, 2022 Invenergy, the largest privately held global developer, owner, and operator of sustainable solutions, has reached commercial operations at the Energía del Pacífico (EDP) LNG-to-power project, located at the…
El Salvador to Receive IDB Loan to Enhance Water and Sanitation
September 16, 2022 The Inter-American Development Bank (IDB) approved a $100 million loan to strengthen El Salvador’s water and sanitation sector. Approximately 120,000 households will directly benefit from improved drinking…
El Salvador’s Comeback Constrained by Increased Risks
By the El Salvador country team, IMF Western Hemisphere Department February 18, 2022 El Salvador’s increase in public debt will constrain medium-term growth prospects given the risks associated with high…
El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
February 1, 2022 The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help…
IMF Executive Board Concludes 2021 Article IV Consultation with El Salvador
January 25, 2022 The Executive Board of the International Monetary Fund (IMF) on January 24, concluded the Article IV consultation [1] with El Salvador. The pandemic interrupted ten years of growth, but…
El Salvador Central Bank to headline cryptocurrency discussions in DC
January 14, 2022 International, national, and local government leaders, financial experts, and technology innovators will meet at the National Press Club in Washington, DC to discuss blockchain, cryptocurrency and the Future of Money, Governance,…
El Salvador to Modernize Statistical System with IDB Support
December 17, 2021 El Salvador will modernize its statistical system and increase the use of statistical information in public and private decision-making with support from a $44 million loan approved by…
El Salvador Increase Resilience to Natural Disasters and Health Emergencies with the IDB
October 15, 2021 The Inter-American Development Bank (IDB) has approved a $400 million contingent loan for a program to help offset the possible impact of natural disasters and health emergencies…