El Salvador News News El Salvador » Economy: Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions. El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook ...
News El Salvador » Economy: El Salvador says economy prompted diplomatic switch to China from Taiwan
SAN SALVADOR (Reuters) - El Salvador said on Tuesday it hoped its economy would get a lift from China after it broke diplomatic ties with Taiwan in favour of Beijing, reducing the dwindling group of ...
News El Salvador » Economy: Insecurity and the economy dominate El Salvador presidential vote
Nayib Bukele is favored to win El Salvador’s presidency when voters head to the polls on Sunday, as the country grapples with violence, corruption, poverty and an exodus of migrants seeking to reach ...
News El Salvador » Economy: Crime’s Plunge and Bitcoin’s Boom Still Leave El Salvador Chasing Economic Miracle
(Bloomberg) -- The gang members who used to prey on the coffee growers of the Balsamo mountain range are all gone — jailed, shot dead, or on the run under the security crackdown that made El ...
News El Salvador » Economy: El Salvador’s $100M BTC Buy Is Either Brilliant… or a Disaster Waiting to Happen
President Nayib Bukele saw Bitcoin bleeding and treated it like Black Friday. While most traders were panicking at six-month lows, El Salvador quietly loaded up roughly $100 million worth of BTC, like ...
News El Salvador » Economy: US-El Salvador Trade Pact Elucidates Treatment of Secondhand Apparel
A recently brokered deal between the United States and El Salvador contains illuminating language about the textile circular economy. The Agreement on Reciprocal Trade (ART), signed by the two ...
News El Salvador » Economy: El Salvador BTC portfolio surges to $767M as BTC sets $123K all-time high
El Salvador’s Bitcoin holdings have tripled in value to over $767 million as of July 14. The country’s BTC holdings surged as Bitcoin broke to new all-time highs Monday, reaching $123,000. El Salvador ...
News El Salvador » Economy: Bukele's security miracle hasn't made El Salvador prosper
After winning a second term as president of El Salvador in 2024, Nayib Bukele pledged to translate security gains into prosperity for the country. Achieving this seemed reasonable. After all, for ...