El Salvador News: Latest Updates & Insights

el-salvador-news

Did you know that El Salvador has one of the world’s strictest abortion laws? It bans the procedure under all circumstances, even in cases of rape or when the mother’s life is at risk1?

Welcome to your go-to source for the latest news from El Salvador. We’ll give you comprehensive updates and deep insights. You’ll learn about the economy, groundbreaking policies, and environmental efforts. El Salvador is going through big changes, and we’re here to keep you informed.

We use trusted news sources like the Associated Press for real-time updates. Our team of journalists works hard to bring you accurate and verified news. We cover everything from environmental projects to digital currency adoption.

Stay tuned for the most important news from El Salvador today. We’ll talk about gang violence, economic changes, and what makes El Salvador unique. This is your one-stop spot for all the key updates.

Table of Contents

Key Takeaways

  • El Salvador’s abortion laws are among the strictest worldwide, prohibiting the procedure even in extreme cases1.
  • A recent surge in gang-related violence led to the arrest of over 50,000 individuals1.
  • El Salvador has taken bold steps by adopting Bitcoin as legal tender2.
  • An unprecedented €127 million fund was approved for the adoption of Bitcoin2.
  • Mexican President Andrés Manuel López Obrador recently met with Salvadoran President Nayib Bukele to discuss the nation’s gang violence crackdown1.

Recent Earthquakes in El Salvador

El Salvador often feels the effects of earthquakes, with various magnitudes striking the region. The latest news from El Salvador shows the ongoing seismic activity in the area.

Magnitude and Locations

A 4.0 magnitude earthquake hit southwest of Usulutan, causing worry among locals3. Also, a 4.3 magnitude quake was felt off Guatemala’s coast, showing the area’s risk of earthquakes. A major event was a magnitude 7.3 earthquake off El Salvador and Nicaragua’s coast, felt across Central America, causing one death.

Central America saw more seismic activity, like a 6.9 magnitude quake in southern Mexico and Guatemala, killing three people3. A strong 6.4 magnitude earthquake hit Nicaragua’s west coast, showing the region’s frequent seismic events3. Guatemala also had a magnitude 6.5 earthquake near the Mexican border, but it caused no serious damage or injuries3.

Impacts on Communities

El Salvador’s earthquakes deeply affect communities. Recent events highlight the need for quick responses to reduce harm and damage. The 7.3 magnitude earthquake in 2014 reminds us of the dangers these events pose3. Communities in El Salvador work together to deal with the immediate effects and prepare for future disasters.

The region also faces hurricanes and offshore seismic activity, worrying people in Nicaragua, El Salvador, and Costa Rica. Luckily, there were no reported casualties3. These communities’ strength is tested by such events, pushing for better disaster preparedness and community resilience.

Environmental Initiatives and Challenges

El Salvador must tackle its environmental issues to be sustainable. It faces big challenges, like plastic pollution and using green energy for bitcoin mining. These problems need focused efforts and new ideas to make real progress.

Plastic Pollution Problems

Plastic pollution is a huge problem in El Salvador. Big projects have made things worse, creating ‘garbage islands’ in the ocean4. The government is updating mining and energy laws, but it must also deal with these environmental issues4. Videos show how bad the plastic waste is, making it clear we must act fast4.

Green Energy and Bitcoin Mining

Using green energy in El Salvador has its ups and downs. The country is using its geothermal power for bitcoin mining, aiming to be eco-friendly and grow the economy5. The government has put $4.5 million into updating mining laws, making the industry better4. But, ending the mining ban could harm the environment5.

Environmental Issue Impact
Plastic Pollution Destruction of coastal habitats, emergence of ‘garbage islands’4
Green Energy Usage Potential for sustainable economic development through bitcoin mining5
Mining Legislation Efforts to balance economic growth with environmental preservation5

Economic Developments in El Salvador

El Salvador is seeing big financial growth, with big moves in different areas. Yilport’s $1.6 billion investment plans to make the ports better and more modern. This will help make doing business in El Salvador more efficient6. This move is key to boosting financial growth in El Salvador.

Talks with India have led to new partnerships to help the economy grow through trade and investment7. These partnerships are bringing in more foreign money, showing how El Salvador’s economy is changing.

The new mega-prison is part of President Bukele’s plan to fight crime and make the country safer for business. This plan aims to increase financial growth in El Salvador. It shows the government’s dedication to stability and progress.

These steps are backed by strong numbers. After a 7.9% GDP drop in 2020, the economy bounced back with a 11.2% growth in 20216. The growth is expected to keep going, with a 2.7% increase in 20246. Also, foreign investment went up by 8% in early 2024, reaching $176.3 million7. Important areas like manufacturing and trade got the most investment, with $154.1 million and $119.1 million respectively7.

Investment Source Amount (in millions USD)
Spain 97.2
USA 69.04
Mexico 42.8

Spaniards invested the most, with $97.2 million, followed by Americans with $69.04 million. This shows many countries are interested in El Salvador’s business scene7.

El Salvador News 2024: Major Headlines

Stay updated with the latest news from El Salvador for 2024. See how projects and investments are changing the country’s future. Learn about el salvador bitcoin city, foreign investments, and infrastructure improvements.

Bitcoin City Projects

El Salvador’s “Bitcoin City” project is making big waves. It plans to be a city powered by renewable energy. This project is part of big environmental efforts and aims to draw tech fans and crypto investors from around the world8. President Nayib Bukele wants to make El Salvador a top name in the crypto market9.

Foreign Investments

Foreign money is flowing into El Salvador, boosting its economy. Turkey has promised $1.6 billion to improve key ports, making El Salvador more attractive for investors9. These investments will create jobs and help the economy grow, making El Salvador a key place for investments.

Infrastructure Modernization

El Salvador is changing its infrastructure with both local and foreign help. The government sees infrastructure as key to its economic plans. There are plans for better transport and digital connections, keeping the country competitive worldwide8.

Project Investment Impact
Bitcoin City $1 Billion Global Crypto Hub
Port Development $1.6 Billion Economic Growth
Digital Infrastructure $500 Million Enhanced Connectivity

El Salvador’s Political Landscape

El Salvador’s politics are changing under President Nayib Bukele. He is a key topic in many discussions because of his strong actions and power within the el salvador government10. This is a big issue in political news in el salvador.

In a big election, President Nayib Bukele won with 83% of the vote, with not many people voting10. This win makes him a strong leader, and he’s very popular with high ratings11. But, there are worries about too much power and human rights issues1011.

The world watched the 2021 elections in El Salvador, which were seen as fair by many12. But, the state of exception led to over 52,000 arrests in six months12. People praise and criticize these actions for their crime fight but worry about human rights1012.

El Salvador now has the highest incarceration rate in the world, beating the U.S10.. This shows Bukele’s efforts to fight crime but also raises big questions about justice and human rights1011.

Worldwide, people are watching El Salvador’s politics, especially President Nayib Bukele and his team’s actions. The Legislative Assembly passed a bill for mass trials of up to 900 suspects at once, which is unusual11.

The actions and challenges of the el salvador government are key to understanding its politics now and in the future. Despite debates and issues, President Nayib Bukele is a big and divisive figure in the country.

Impact of Gang Violence in El Salvador

Gang violence has deeply affected El Salvador, leading to strong government actions. President Nayib Bukele has taken a tough stance, making big changes in the country.

Government Crackdown

El Salvador has cracked down hard on gangs, arresting over 78,000 suspected gang members and taking away nearly 4,000 weapons13. The government has focused on gangs like Mara Salvatrucha (MS-13) and Barrio 18, weakening their power13. Homicide rates have plummeted from 106 per 100,000 in 2015 to just 2.4 in 202313. This shows how effective Bukele’s security plans have been14.

“El Salvador’s relentless efforts to combat gang violence have yielded tangible results, seen in decreased crime rates and increased public safety,” says government spokesperson.

President Bukele got a big win with his anti-gang policies, getting re-elected in 2023 with 83% of the vote15. His efforts have put over 105,000 people behind bars, which is 1.7% of the population15. Even though some critics worry about human rights, most people in El Salvador feel safer and support these actions.

Prison System Reforms

El Salvador has made big changes to its prisons to fight gang violence. A new mega-prison was built to hold thousands of gang members, hoping to stop criminal activity13. This prison can handle the growing number of inmates, now over 100,00013.

Legal reforms have allowed for big trials, with prosecutors handling up to 900 cases at once15. But, there are concerns about how fast and fairly these trials are happening, and if they respect defendants’ rights. It’s thought that nearly one in six prisoners might be innocent, raising big human rights questions14.

Year Homicide Rate (per 100,000) Gang Members Arrested Economic Impact (Tourism Revenue in $B)
2015 106
2023 2.4 78,000 2.8

These reforms are key to President Bukele’s plan to tackle gang violence in El Salvador. Critics may question them, but they’ve helped the economy, boosting tourism to $2.8 billion in 2023, a 48% jump from before13.

Developments in El Salvador’s Cryptocurrency Policies

El Salvador made headlines in 2021 by making Bitcoin legal tender. This move put the country’s crypto policies under a microscope16. It was a first for the world, drawing both praise and criticism from groups like the IMF16. The goal is to blend digital currencies into the country’s economy.

Bitcoin as Legal Tender

Bitcoin’s adoption aims to help those without bank accounts. The Chivo Wallet app was launched to aid this effort. About 68% of people in El Salvador knew about it, and 78% tried it out17. Yet, most stopped using it soon after the initial excitement wore off17. El Salvador now holds over $411 million in Bitcoin, showing its big bet on crypto18.

El Salvador is also mining Bitcoin using energy from volcanoes. This effort uses around 300 processors at the Tecapa volcano18. Experts think Bitcoin could hit $100,000 by year’s end and $150,000 by 202518.

International Reactions

Reactions to El Salvador’s Bitcoin move varied. A report by the Vance Center and Global Financial Integrity pointed out several issues16. It called for better financial checks and stronger data protection laws. It also suggested stricter rules for apps like the Chivo Wallet16.

The launch of a Bitcoin ETF in January 2024 boosted the BTC price from $41,670 to over $70,00018. This shows how financial tools can sway digital currency prices.

In conclusion, El Salvador’s crypto policies have sparked global interest and debate. The country’s dedication to the sector is clear. With ongoing support and global interest, El Salvador is a key player in crypto.

US-El Salvador Relations

The relationship between the United States and El Salvador is complex, covering both diplomacy and economics. They started diplomatic ties in 1863. Since then, they’ve worked together for mutual growth and stability19.

Diplomatic Agreements

The two countries share a deep commitment to democracy, the rule of law, and inclusive economic growth19. Vice President Kamala Harris has been key in addressing migration issues, pushing for joint solutions to regional problems19. Over 2 million Salvadorans live in the United States, deepening their bond19.

Economic Ties

The economic link between the US and El Salvador is strong and growing. In 2021, their trade hit $6.7 billion20. Remittances from the US to El Salvador were $7.1 billion, making up 24.7 percent of El Salvador’s GDP20. The US also exported more to El Salvador than it imported, showing a trade advantage for the US20. El Salvador’s economy grew by 2.6 percent in 2022, as reported by the Central Bank20.

Despite strong economic ties, there are legislative actions affecting their relationship. US senators have shown interest in El Salvador’s Bitcoin law, highlighting their focus on the country’s policies. El Salvador has moved from being the fourth largest US migrant source in 2020 to the 11th in 202320.

Year Total Trade (in billion USD) Remittances (in billion USD) Exports from US (in billion USD) Economic Growth (GDP %)
2021 6.7 7.1 1.5 2.6

Cultural Events and Festivals in El Salvador

El Salvador’s cultural events are key to its identity, attracting locals and visitors alike. The Las Bolas de Fuego festival is a highlight, where people throw flaming balls at each other in Nejapa on August 3121. It’s a thrilling event that shows El Salvador’s lively spirit.

Día de Independencia, or Independence Day, is celebrated on September 15 with parades and music, showing the nation’s pride in its freedom21. The Carnaval de San Miguel, a weeklong event in late November, features live music and dancing, making it a big party21. These festivals highlight El Salvador’s cultural richness and tradition.

The Fiestas Julias in Santa Ana, in late July, are known for their fun atmosphere and community spirit21. Semana Santa, the Holy Week before Easter, brings people to the coast for beach fun, mixing faith with leisure21. Fiestas Agostinas in San Salvador, in early August, celebrate the patron saint with music and beach parties, offering a memorable time21.

El Salvador’s culture is rich, with celebrations that honor both indigenous traditions and modern tastes. The weekly food festivals in Juayúa draw locals and tourists, featuring dishes like fried yucca and pupusas22. These events show how El Salvador’s food scene is blending traditional flavors with new tastes.

The ‘battle of the fireballs’ in Nejapa is a prime example of how El Salvador’s events bring people together, building community and national pride23. Despite challenges, these festivals are vital for keeping El Salvador’s culture alive. From the Dance of the Emplumados in January to the Juayúa food festivals, each event offers a peek into El Salvador’s diverse culture23.

Natural Disasters and Emergency Responses

El Salvador often faces natural disasters like earthquakes and floods. It’s key to be ready and respond quickly to these events.

Recent Earthquakes

Recent earthquakes show how vital disaster preparedness is in El Salvador. The country lies in a seismically active area, making earthquakes common. In a recent exercise, 25 people from emergency agencies worked with the U.S. Army to improve their earthquake response24.

They practiced quick team setups and used drones for aerial photos24. This training happened over two days at the General Directorate of Civil Protection in Nejapa24.

el salvador natural disasters

Disaster Preparedness

Prepping for disasters is crucial in El Salvador due to its vulnerability. Floods are a big concern, especially after recent severe ones that caused 12 deaths and moved 5,000 people from the Valle department near Honduras25.

With forecasts predicting up to 25 storms by November, including 13 possible hurricanes, the need for strong emergency plans is clear25.

El Salvador is working hard to boost its emergency response with training and teamwork. The risk of La Niña affecting grain production adds to the challenge, highlighting the need for a solid disaster plan25.

Current Digital and Technological Advancements

El Salvador is quickly changing with new digital and tech advancements. Over the next seven years, a partnership with Google plans to update government processes. This includes things like electronic invoices and permits, using Google Cloud’s services26. They will also create a unified Education Data Platform for quick info access26.

El Salvador will be the first in Latin America to use Google Distributed Cloud (GDC) technology. This will improve cloud infrastructure and make it faster26. The focus is also on adding AI to healthcare, giving real-time info and better medical services26.

The Law for the Promotion of Innovation and Technology Manufacturing offers incentives to tech companies. This is starting a new era of innovation in El Salvador27. Indian firms like Reliance Jio and C-DOT are key in boosting cybersecurity27. Many companies are now using AI and chatbots to improve how they work and serve customers27.

El Salvador’s ICT goods market grew a lot, reaching USD 673.75 million in 2021 and is expected to be USD 603.72 million in 202328. The country is committed to innovation with plans like no taxes for fifteen years on new tech investments. This keeps El Salvador at the forefront of tech28.

Human Rights and Social Issues

El Salvador faces big challenges with human rights, especially with abortion laws and women’s rights. The country is known worldwide for its tough abortion laws. This has affected women’s rights a lot.

Abortion Laws

El Salvador has some of the toughest abortion laws globally. It bans abortion in all cases, even if the pregnancy is the result of rape or if the mother’s life is at risk. This has led to women being punished for killing their stillborn babies29.

By February 2024, over 78,000 people were arrested unfairly, showing the big human rights problems30. More than 1,000 kids were put in jail, often for a long time, during a state of emergency29.

Women’s Rights Movements

Women in El Salvador have been fighting for their rights for a long time. They face many challenges and dangers. Veronica Delgado was arrested while looking for her missing daughter, showing the risks they take30.

Economic and social issues also affect women’s rights in El Salvador. It’s important to look at these issues together with el salvador women’s rights. President Bukele is trying to reduce crime, but the world wants him to focus on human rights instead31.

There are 327 cases of enforced disappearances in El Salvador, showing a big human rights problem30. The number of murders has gone down a lot, from 106 per 100,000 in 2015 to 2.4 per 100,000 in 202329. This is good news but also shows how bad things were before.

Since March 2022, over 80,000 people, including 3,000 kids, have been arrested under a state of emergency31.

This look at El Salvador’s human rights shows we need to change the abortion laws. It also shows how hard women’s rights groups work to help women and children.

Key Figures in El Salvador’s Government

President Nayib Bukele is a standout among el salvador government officials for his bold leadership. He won with a huge 85% of the vote, making his presidency known for both his bold moves and his use of social media. He often talks directly to citizens on Twitter3233. His party, New Ideas, won a big victory in the elections, getting 54 out of 60 seats in the legislature32.

Nayib Bukele’s leadership has been marked by a strong fight against gang violence. Over 80,000 gang members were arrested since March 2022, when he declared a state of emergency32. This effort has helped make El Salvador safer, once known as the “murder capital of the world”32.

Under Bukele, El Salvador’s economy has seen ups and downs. The country’s debt has soared to over $30 billion, which is 84% of its GDP32. Despite efforts to boost the economy, over a quarter of the population still lives in poverty3233. Food prices have risen faster than wages, causing more economic stress for people32.

Some el salvador government officials have faced criticism from abroad. The U.S. has put sanctions on some of Bukele’s top team for corruption33. Yet, the U.S. and El Salvador have improved their relationship with new ambassadors and secretaries33.

Bukele’s policies have led to a big drop in migration to the U.S. since 2019, a key goal for U.S. diplomacy with El Salvador33. Despite the challenges and legal battles, nayib bukele leadership still enjoys strong support in El Salvador, making him a key figure3233.

Local Business News and Economic Outlook

El Salvador’s economy is changing fast as local businesses adapt to new trends and chances. Mi Banco is getting ready for a big bond sale. This move aims to grow its capital and support growth in the financial sector34. This action shows the growing interest in El Salvador’s economy.

Turkey’s Yilport is also making big investments in the country35. These investments will help with building new infrastructure and boost the economy. The World Bank predicts El Salvador’s economy will grow by 2.3% in 202335.

Digital assets and rules on cryptocurrency are opening new doors for businesses in El Salvador. The use of bitcoin is helping to make the economy more diverse and offer new ways to make money35. These digital moves match up with other big investments that are changing the local economy35.

New government policies aim to make doing business in El Salvador better for both small and big companies. The GDP is expected to hit $38.86 billion by 2026, showing strong growth36. This growth means big chances for businesses in El Salvador to compete on a global scale.

For more info, check out the economic outlook for El Salvador. The strong economic plans show lots of chances for investors and businesses, leading to big economic growth.

Conclusion

In your review of the latest el salvador developments, you’ll see a country changing fast in many areas. President Nayib Bukele has made big moves, especially in security and how the country is run. He started a big crackdown in March 2022, arresting over 33,000 people in just two months37. This tough stance has kept going, with emergency rules in place for 20 months straight as of November 202337.

Even though violence and gang crimes have dropped a lot—like on September 13, 2022, there were no murders—the push for more government power has raised big worries. The Bukele government has made big changes in laws and cleaned out the courts. This move to grab more power is similar to what other leaders in Latin America have done38. You can learn more about these changes and what they mean by checking out the detailed analysis on El Salvador.

El Salvador’s economy is also making big moves. With big investments in Bitcoin City and modernizing its infrastructure, it’s trying to become a key financial center. But, there are questions about how open and honest the government is with money matters. For instance, the Ministry of Finance spends a lot on security, but we don’t know exactly how38. This shows a complex and interesting side of El Salvador’s government.

From cultural events and festivals to economic and tech growth, El Salvador is changing in many ways. As you think about what’s happening in El Salvador, you’ll see a country at a big turning point. It’s moving forward with bold plans, but these plans are also causing debate.

FAQ

What recent events have occurred in El Salvador’s seismic activity?

El Salvador has seen a lot of earthquakes lately. A 4.0 magnitude quake hit near Usulutan, and a 4.3 magnitude quake was felt off Guatemala’s coast. These events show the need for strong disaster plans.

How is El Salvador addressing environmental challenges?

El Salvador is tackling big environmental issues like plastic pollution. They’re using green energy, like geothermal for Bitcoin mining, to help the planet and grow the economy.

What are the latest economic developments in El Salvador?

El Salvador is getting a

FAQ

What recent events have occurred in El Salvador’s seismic activity?

El Salvador has seen a lot of earthquakes lately. A 4.0 magnitude quake hit near Usulutan, and a 4.3 magnitude quake was felt off Guatemala’s coast. These events show the need for strong disaster plans.

How is El Salvador addressing environmental challenges?

El Salvador is tackling big environmental issues like plastic pollution. They’re using green energy, like geothermal for Bitcoin mining, to help the planet and grow the economy.

What are the latest economic developments in El Salvador?

El Salvador is getting a $1.6 billion investment from Yilport to improve its ports. They’re also talking with India about working together more. Plus, they’re building a big new prison to fight crime and boost the economy.

What initiatives are part of El Salvador’s ‘Bitcoin City’ project?

The “Bitcoin City” project in El Salvador uses green energy for Bitcoin mining. It’s part of a plan to grow the economy with digital money and clean energy.

How is El Salvador’s political landscape evolving under President Nayib Bukele?

President Nayib Bukele is a big part of El Salvador’s politics. His efforts, like fighting gangs and gaining more power, are getting a lot of attention at home and abroad.

How has gang violence impacted El Salvador recently?

Over 30,000 people have been arrested to fight gang violence. President Bukele is building a huge prison for gang members as part of his security plans.

What is the status of cryptocurrency policies in El Salvador?

El Salvador made Bitcoin legal money first. The government supports cryptocurrencies, even though some groups are skeptical. There’s also a US bill that could affect their plans.

What kind of relationship does the United States maintain with El Salvador?

The US and El Salvador have a complex relationship. They talk about things like solving the migration crisis and how to view El Salvador’s Bitcoin policies.

What cultural events and festivals are celebrated in El Salvador?

El Salvador has many vibrant festivals, like the ‘battle of the fireballs’ in Nejapa. These events bring people together and show national pride, despite the challenges they face.

How is El Salvador preparing for natural disasters?

El Salvador is getting ready for earthquakes and other disasters with strong disaster plans. The government and people are working on ways to respond better to these events.

What technological advancements are taking place in El Salvador?

El Salvador is growing its tech scene with more on cryptocurrencies and telecom. Companies like Reliance Jio and C-DOT are helping with cybersecurity, making tech a big part of its future.

What are the recent discussions around human rights in El Salvador?

There’s a lot of talk about human rights in El Salvador, like strict abortion laws and women’s rights. Groups like Amnesty International want changes, pointing out cases of women accused of killing their babies.

Who are some key figures in El Salvador’s government?

President Nayib Bukele is a big name in El Salvador’s government. His actions and tweets have a big impact on the country’s politics and economy.

What are the current trends in El Salvador’s local business scene?

El Salvador’s business world is changing with plans for Mi Banco’s bond sale, Turkey’s Yilport investment, and more focus on bitcoin. These moves aim to improve the economy and draw in more investment from around the world.

.6 billion investment from Yilport to improve its ports. They’re also talking with India about working together more. Plus, they’re building a big new prison to fight crime and boost the economy.

What initiatives are part of El Salvador’s ‘Bitcoin City’ project?

The “Bitcoin City” project in El Salvador uses green energy for Bitcoin mining. It’s part of a plan to grow the economy with digital money and clean energy.

How is El Salvador’s political landscape evolving under President Nayib Bukele?

President Nayib Bukele is a big part of El Salvador’s politics. His efforts, like fighting gangs and gaining more power, are getting a lot of attention at home and abroad.

How has gang violence impacted El Salvador recently?

Over 30,000 people have been arrested to fight gang violence. President Bukele is building a huge prison for gang members as part of his security plans.

What is the status of cryptocurrency policies in El Salvador?

El Salvador made Bitcoin legal money first. The government supports cryptocurrencies, even though some groups are skeptical. There’s also a US bill that could affect their plans.

What kind of relationship does the United States maintain with El Salvador?

The US and El Salvador have a complex relationship. They talk about things like solving the migration crisis and how to view El Salvador’s Bitcoin policies.

What cultural events and festivals are celebrated in El Salvador?

El Salvador has many vibrant festivals, like the ‘battle of the fireballs’ in Nejapa. These events bring people together and show national pride, despite the challenges they face.

How is El Salvador preparing for natural disasters?

El Salvador is getting ready for earthquakes and other disasters with strong disaster plans. The government and people are working on ways to respond better to these events.

What technological advancements are taking place in El Salvador?

El Salvador is growing its tech scene with more on cryptocurrencies and telecom. Companies like Reliance Jio and C-DOT are helping with cybersecurity, making tech a big part of its future.

What are the recent discussions around human rights in El Salvador?

There’s a lot of talk about human rights in El Salvador, like strict abortion laws and women’s rights. Groups like Amnesty International want changes, pointing out cases of women accused of killing their babies.

Who are some key figures in El Salvador’s government?

President Nayib Bukele is a big name in El Salvador’s government. His actions and tweets have a big impact on the country’s politics and economy.

What are the current trends in El Salvador’s local business scene?

El Salvador’s business world is changing with plans for Mi Banco’s bond sale, Turkey’s Yilport investment, and more focus on bitcoin. These moves aim to improve the economy and draw in more investment from around the world.