Unprecedented Surge in Foreign Investment in El Salvador
El Salvador is experiencing an unprecedented surge in foreign investment, primarily due to President Nayib Bukele’s bold policies, which have transformed the country’s economic landscape. Since taking office, Bukele has introduced business-friendly policies, made significant strides in improving security, and adopted Bitcoin.
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Development in the East is a Reality: Nayib Bukele Highlights Billion-Dollar Investment in Infrastructure in El Salvador
Under President Nayib Bukele’s leadership, the El Salvador government has committed an unprecedented $1.4248 billion to develop infrastructure in the eastern part of the country. This investment does not yet include future projects such as the Pacific Airport, tourism developments, and economic revitalization efforts in San Miguel.
Juan Carlos Hidalgo Proposes Making All of Costa Rica a Free Trade Zone
Juan Carlos Hidalgo, a candidate for the Christian Social Unity Party (PUSC), has proposed a bold economic vision for Costa Rica: to turn the entire country into a massive free trade zone. According to Hidalgo, the proposal would bring an influx of foreign investment, create thousands of new jobs, and increase the country’s state revenues.
These Were the Top 5 Salvadoran Exported Products in 2024
T-shirts and sweaters accounted for 15.17% of Salvadoran exports, making them the “kings” of the export basket. According to the Central Reserve Bank (BCR), despite the global decline in demand for textile products, T-shirts remained El Salvador’s top export product. Following T-shirts on the list were sweaters, plastic packaging or transportation articles, cane sugar, and toilet paper.
The United States Plans to Turn Costa Rica Into a Technological Power to Compete With China
Costa Rica is positioning itself as a regional leader in attracting investments, driving its development in the technology sector. To challenge China’s supremacy in the technological field, the United States has turned its attention to this Latin American country with the ambitious goal of transforming it into an emerging technological power.
El Salvador Bitcoin Law Reform: The Country No Longer Be Mandatory to Accept It for Payments and Transactions
El Salvador’s Congress has approved a significant Bitcoin law reform, removing the requirement for businesses and individuals to accept cryptocurrency for payments and transactions. Although the law still recognizes Bitcoin as “legal tender,” this change means it will no longer hold the same status as an official currency, as it originally did when the country became the first in the world to adopt it in 2021.
Harland Medical Systems Launches Operations in Costa Rica: A Milestone for the MedTech Industry
Harland Medical Systems, a U.S.-based leader in specialized coatings for the medical device industry, has announced the launch of its operations in Costa Rica. This strategic move marks a significant milestone as Costa Rica becomes home to its first provider of hydrophilic coatings, a crucial service that supports the rapidly growing MedTech sector.
Fitch Upgrades the Credit Rating for El Salvador to B-, Stable Outlook
The main driver of the upgrade is the agreement with the IMF, pending ratification by its Executive Board in February. Fitch included a summary of the country’s finances, noting that public debt reached 87.7% of GDP in 2024.
The Economic Sciences Research Institute of the University of Costa Rica predicts that the national economy’s GDP will grow by around 4.2% in 2025.
On January 14, 2025, the Economic Sciences Research Institute (IICE) of the University of Costa Rica (UCR) published its Quarterly Economic Analysis: Third Quarter 2024 and Projections for the First Quarter of 2025 and the Full Year.
Historic Achievements in El Salvador: Transforming Security
Improved safety measures are another example of historic achievements in El Salvador, bolstering tourism and foreign investment. Reduced crime rates have reassured international travelers and investors, making the country an attractive destination. Urban centers like San Salvador and Santa Ana have undergone revitalization, with safer public spaces encouraging cultural and recreational activities. These developments enhance El Salvador’s global image and create new economic opportunities.
The Costa Rican Role in US Supply Chains: Medical Devices and Semiconductor Manufacturing
The U.S. State Department has presented an account of its Economic Growth Strategy for Latin America, highlighting Costa Rica’s role in US supply chains as a critical element in fostering economic growth and resilience. José W. Fernández, Under Secretary of State for Economic Growth, Energy, and the Environment, delivered the report. In his remarks, Fernández emphasized Costa Rica’s specialized production capabilities and its critical role in the United States’ efforts to strengthen supply chains by fostering investments in closer, more reliable countries.
