14th May 2024

El Salvador President Nayib Bukele has pledged to improve the country’s economy and asked the population “not to complain”. Comparing the nation to a sick person, Bukele said there was a long list of issues including health, education, infrastructure, employment, housing and the economy. National critics complained about the illegality of Bukele’s re-election as international observers opted for cautious optimism. The debt to the country’s pension scheme stands at over US$10bn and by 2027, El Salvador will have to find US$800mn annually to fund it according to economist Mauricio Choussy.

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