El Salvador

El Salvador's foreign reserves grew a mere 5.2% y-o-y in September, while in monthly terms reserves actually shrunk from US$3.4bn in April to US$2.6bn as of September, adding significant... 2011-10-27

The government has unveiled a number of measures to ensure greater transparency in dealing with the influx of international aid it has received as a result of the October 10-16th flood.... 2011-10-27

On 15 September, El Salvador was added to a US list of illicit drug transit hotspots, reflecting the growing influence of Mexico's cartels in the country. Mexico's cartels have become... 2011-10-04

BMI View: We are forecasting consumer price inflation in 2011 to come in at 7.00% on the back of an especially weak harvest and high oil prices. However, in 2012 we expect to see inflation... 2011-09-23

El Salvador's long-standing structural deficit in its balance of goods trade is likely to expand in the coming months. While import and export growth has historically moved in sync,... 2011-09-05

The legislative assembly approved a bill sent to it by President Mauricio Funes to deploy 22 soldiers to Afghanistan. As often seems to be the case, Funes' own party did not support... 2011-09-05

After contracting by 25% y-o-y in May, El Salvador has seen growth of remittances pick up through the summer, with 7.0% y-o-y growth in August. While nowhere near their pre-recession... 2011-09-04

BMI View: We are downgrading El Salvador's short term political risk rating on the back of what we anticipate will be political deadlock following upcoming legislative elections.... 2011-08-25

President Mauricio Funes has proposed eliminatining restrictions on public officials ability to participate in state tenders, proposing amendments to the law that would allow state... 2011-08-01

Remittances into El Salvador have started to pick up again, after contracting in 2009 following a slowdown in growth. Data from the central bank for May showed an increase of 4.4% in... 2011-08-01