The loan carries a seven-year maturity with a three-year grace period and will accrue interest at a rate linked to the ...

The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. With the global recession, real GDP contracted in 2009 and economic growth has ...

SAN SALVADOR (Reuters) - The Inter-American Development Bank (IDB) will lend El Salvador $500 million to shore up its budget ...

In a controversial move to temper El Salvador’s Bitcoin enthusiasm, the International Monetary Fund (IMF) has rolled out ...

El Salvador in 2025 faces key decisions: mining, political reforms, and security. At what cost will the country move forward?

Then there was his crypto fixation. In 2021 El Salvador became the first country to make bitcoin legal tender, alongside the ...

On March 20, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with El Salvador.

Bukele, who has long been an advocate of using tourism to boost the economy, saw surfing as a way to improve El Salvador’s image abroad. With a reputation historically shaped by high crime rates and ...

Construction has begun on a new international airport in El Salvador despite ongoing concerns that the project will lead to rapid development near vulnerable wetlands and other coastal ecosystems.

"The IMF-supported program aims to ensure conditions are in place to boost El Salvador’s growth prospects and ... engagement in Bitcoin-related economic activities, as well as government ...