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 […]
(READ THE ORIGINAL HERE) Traducción del artículo escrito por Camille Squires & Scott Nover El precio de Bitcoin ha caído un 43% desde su máximo en noviembre de 2021. El presidente de El Salvador, Nayib Bukele, está comprando la caída. Como uno de los mayores promotores de las criptomonedas, Bukele ha convertido al […]
After Nayib Bukele made his big announcement of “Bitcoin City”, José Miguel Cruz, the director of research at the Kimberly Green Latin American and Caribbean Center at Florida International University made the following statement: “It’s crazy to think that everything will be done in a few years. In fact, I don’t remember any project in a […]
(IN ENGLISH HERE) Comunicado publicado el 23 de noviembre de 2021 (Washington, DC) – Hoy, los representantes Albio Sires (D-NJ) y Mark Green (R-TN), presidente y miembro de alto rango, respectivamente, del Subcomité de Asuntos Exteriores de la Cámara sobre el Hemisferio Occidental, Seguridad Civil, Migración y Política Económica Internacional, emitieron la siguiente […]
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 […]
Just like in April last year, in the middle of lockdown, El Salvador has faced another day of a surprising spike in homicides. LA PRENSA GRÁFICA reports: Only this Wednesday, November 10, at least 20 murders were reported, according to the Police (PNC). Due to this, President Nayib Bukele announced that the police and the […]
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 […]
(READ THE ORIGINAL IN SPANISH HERE) The Central American University (UCA) recently published an editorial about the growing problem of missing people in El Salvador. Here’s our translation: In El Salvador, the disappearance of people is daily news. Until August 31 of this year, 789 people are reported missing, an average of 3.3 […]
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 […]