Standard & Poor’s determined El Salvador’s economy stable

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Standard & Poor’s determined El Salvador’s economy stable

The rating agency Standard & Poor’s (S&P Global Ratings) press release confirmed, El Salvador’s long-term rate is graded at a B- and short-ter

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The rating agency Standard & Poor’s (S&P Global Ratings) press release confirmed, El Salvador’s long-term rate is graded at a B- and short-term rate is graded at a B, setting the country in a stable economic position.

The rating arises when El Salvador faces the COVID-19 crisis, but the S&P recognizes as a positive sign that the International Monetary Fund (IMF) and other official creditors are still providing liquidity to the economy.

In a press release S&P Global Ratings predicts that the economic recovery will begin in 2021, due to the pandemic affecting the world.

Similarly, the Government of president Nayib Bukele is expected to make gradual long-term progress implementing the plan to boost economic growth and strengthen public finances.

 

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