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...The government also needed the bond because the best way to tackle El Salvador’s acute financing challenges — an IMF programme that would unlock plenty of other cheaper funding and send its bond yields tumbling...
...El Salvador’s President Nayib Bukele said on Sunday he had won the presidential election and almost all seats in the Central American country’s congress....
...Most of the 76,000 people rounded up in El Salvador’s draconian crackdown on the country’s gangs will be in prison for the rest of their lives, the man running for a second term as vice-president has said...
...[in El Salvador] these were more gangs devoted to extortion, kidnapping, petty thieving and so on,” he said. At the same time, smoke and mirrors surround El Salvador’s experiment with cryptocurrency....
...A cornerstone of El Salvador’s new image was becoming the first country to make bitcoin legal tender....
...Bukele, 42, enjoys one of the highest approval ratings of any world leader thanks to a draconian crackdown on El Salvador’s gangs that has sharply reduced homicide rates by locking up more than 76,000 people...
...A change in US government policy towards El Salvador, a major source of migrants, is key to the talks....
...Also we go long the FTSE 100 and short El Salvador’s debt cycle....
...Noboa has sought to replicate some of the tactics of El Salvador’s strongman President Nayib Bukele, who has received widespread domestic support for his own crackdown on criminal gangs despite concerns...
...President Nayib Bukele walked up a red carpet and into El Salvador’s congress where armed soldiers lined the chamber....
...The US government is advising citizens to reconsider travel to El Salvador after some of its citizens were reportedly arbitrarily detained....
...But lack of government funding is a problem, he says, as is poor co-ordination between different departments....
...(Res Obscura) — Short on cash, El Salvador doubles down on Bitcoin dream (Reuters) — Why Shouldn’t Abu Dhabi own the Telegraph? (Simon Nixon) — Annoying in-browser missile game...
...taken by El Salvador’s President Nayib Bukele against gangs....
...One of the main reasons is the rise of populist leaders with an authoritarian bent, such as El Salvador’s Nayib Bukele....
...Market-based approaches emphasising liberalisation, deregulation and fiscal responsibility have given way to the return of industrial policy, heavier government intervention, and sustained levels of fiscal...
...of images often shared by El Salvador’s famously hardline president, Nayib Bukele....
...It would be particularly impactful if accompanied by additional government measures to promote more flexible supply, including by focusing on greater labour force participation, better skill retooling, improved...
...The scion of a wealthy banana-exporting family, he used emergency powers to put troops on the streets and sent the army to take control of gang-ridden jails, using tactics partly borrowed from El Salvador...
...In Lima, opinion divides between those who see a steady degradation of politics and those who believe an authoritarian nationalist in the idiom of El Salvador’s Nayib Bukele will win elections, due in 2026...
...Despite claims that the flow of funds into El Salvador using bitcoin would be cheaper and easier than those using the US dollar, the El Salvadoran central bank estimates that only about 1 per cent of received...
...It is a path that can be better secured by, first, timely government actions to help enable the new drivers of growth; second, greater realism on the part of some households, corporates and investors that...
...When US authorities arrested Mexico’s former defence minister general Salvador Cienfuegos on drug trafficking charges in 2020, the Mexican government reacted furiously, latter accusing the DEA of making...
...El Salvador’s President Nayib Bukele, who won re-election earlier this year after spearheading a draconian crackdown on gangs, claimed he could fix Haiti’s problems if given the chance....
...source of government revenue....
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