• The Superintendence of the Financial System (SFS) of El Salvador ensures the transparency and security of the financial system, for the benefit of users and the stability of the system

February 19, 2024- The Superintendence of the Financial System (SFS) of El Salvador joined the Latin American Association of Development Finance Institutions (ALIDE) as a new collaborating member.

Collaborating members can be entities related to financial institutions that coincide with the purposes of ALIDE and contribute to economic development through monetary and financial policies, as in the case of bank superintendencies and central banks.

The SFS supervises and regulates the activity of various financial institutions in El Salvador, from banks and insurance to savings and credit societies, and also guarantees compliance with the laws and regulations that govern the financial sector, thus ensuring its efficiency and transparency.

With the incorporation of the SFS, ALIDE’s presence in El Salvador is strengthened, along with its other members BANDESAL, BFA and FEDECRÉDITO.

Moreover, this relation will allow the SFS to access specialized knowledge and best international practices promoted by ALIDE, which will contribute to enhancing its supervision and regulation work for the benefit of the financial system and, ultimately, the economy of the country.