Fitch Ratings has downgraded El Salvador’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘CCC’. In Fitch’s view, weakening of institutions and concentration of power in the presidency have increased policy unpredictability, and the adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for […]
Several citizens took to the streets today to remember that two years ago the current president forcibly entered the Legislative Assembly to pressure the members of Congress into approving a loan for his “Territorial Control Plan” This is what LA PRENSA GRAFICA reports: The Salvadoran Coordinator of Popular Movements and the Popular Resistance and Rebellion […]
The Honduras Solidarity Network (HSN) has been busy this week asking for support surrounding the trial of eight water defenders from Guapinol, Honduras. These activists have spent two years in prison on trumped up charges for defending the Guapinol and Sand Pedro rivers from a mining operation led by Honduran mining company Inversiones Los Pinares, […]
U.S. Chargé d’Affaires Jean Manes said today on local television that she will be returning to the U.S. and that relations between El Salvador and the United States are temporarily on hold “due to the Salvadoran government’s apparent lack of interest in dialogue” after several meetings where they wanted to verify whether the Salvadoran government […]
Since the Salvadoran government announced its intention to pass a “Foreign agents Law” that would create a new tax of 40% and a fine of up to $10,000 dollars to organizations deemed to be attempting against “national security”, several organizations and collectives have reacted, especially after Tuesday’s meeting where the Nuevas Ideas representatives approved a […]
CONTEXT The U.S. Embassy recently approved funding for organizations working in the region, through USAID. The relationship of the Salvadoran government and the US Government is not “solid”, as stated by the Chargé d’ affaires ad Interim Jean Manes: “We have investments in different projects. USAID support is in the hundreds of millions in different […]
Lawyers suggest that they are “criminalizing social protest” and establishing a “regime of exception” or state of siege in El Salvador. Artículo original en español aquí. Written by Eugenia Velásquez of elsalvador.com Translated by Sister Cities On Wednesday, the Legislative Assembly approved a new initiative similar to the one that they recently extended […]
Although yesterday El Salvador was supposed to celebrate the bicentennial of independence, Salvadorans decided to march for another reason: to protest against the latest decisions of the Bukele administration that keep undermining the rule of the Law, such as the decision of the newly-appointed Supreme Court to allow the reelection of the president, the decision […]
El periódico británico THE GUARDIAN publicó el artículo que traducimos a continuación: Litha María de Los Ángeles pone dos pupusas rellenas de queso en la plancha. Con un clic de la cámara en el código QR, recibe su pago: cuatrocientas milésimas de un Bitcoin. Luego, cuando la lluvia golpea el techo de lámina y […]
El Faro recently published a report on the investigation the deposed General Attorney was conducting on several officials, including Osiris Luna, for the conversations he facilitated among gang leaders inside maximum security prisons. President Bukele once again reacted via Twitter in a dismissive way, but amid the backlash on social media, he decided to focus […]