SAN SALVADOR – President Nayib Bukele’s bet on turning El Salvador into a global hub for cryptocurrencies, specifically bitcoin, did not produce the mass adoption he had hoped for. Salvadorans did not embrace it, as he had dreamed. And he has had to backtrack,...
In summary: Between 2019 and July 2026, the government of Nayib Bukele and nearly 200 public entities in the hands of Bukele’s movement awarded at least US$76 million in advertising and media consulting contracts.With these resources, the Salvadoran executive branch...
The draft General State Budget for 2027 provides for a fiscal deficit of $3,209 million under the methodological parameters of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program. This figure includes the recording of $2,327 million in...
The White House halted a Department of Homeland Security (DHS) decision that sought to end Temporary Protected Status (TPS) for some 200,000 Salvadorans in the United States, according to an administration official and three other people close to the government cited...
Five years after making bitcoin legal tender to transform the way money moves through the economy, El Salvador is turning to another crypto technology for the job: dollar-backed stablecoins. Nayib Bukele’s administration is working with Modveon to develop a...
The Supreme Electoral Tribunal (TSE) will call elections this Wednesday, September 30, for president, vice president, lawmakers of the Legislative Assembly and municipal councils, to be held on February 28, 2027. The call marks the start of the registration period for...
