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Salvadoran government plans to allocate $50 million to the informal sector

Juan Pablo Durán, head of the Salvadoran Bank for Development (Bandesal), said they are thinking about allocating $50 million to the informal sector, so that those companies affected by the economic crisis caused by the pandemic, may reactivate their economy.

Durán informed about a $78 million surplus from the subsidy to companies in the formal sector, therefore the plan is to transfer $50 million to the informal sector to meet the institution’s demand.

“We proposed to make this move, because we cannot leave on hold so many Salvadorans who need the resources. In this way, we will continue to look for resources to benefit this struggling sector,” he added.

President Nayib Bukele’s government decided that the remaining $28 million of the surplus be used to benefit the artistic sector, artisans, fishermen and others that the pandemic affected.

“We have no doubt that we are going to support and boost them through subsidies and not through credit, because these are sectors that have been severely affected and they will be the last ones to start working. Up until now, these groups have been affected to a great extent and this cannot continue to happen. Soon we will meet with them,” he added.

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To date, Bandesal has delivered about 32% of the trust that was granted by issuing Treasury Certificates (Cetes) last year.

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Central America

Guatemalan police officer killed in mob riots over baby kidnapping

A police officer was killed during riots provoked by an enraged mob in a Guatemalan town following the kidnapping of a baby, the government reported on Wednesday.

The incidents began on Tuesday night and continued into the early hours of Wednesday in the town of San Vicente Pacaya, about 25 km south of the capital, according to Minister of the Interior Francisco Jiménez.

“There was an incident in San Vicente Pacaya where, unfortunately, a police officer died after being struck in the head with a stone. He passed away this morning,” Jiménez said in a press conference.

He explained that the unrest erupted following the arrest of two suspects in connection with the kidnapping of “a baby just a few months old,” including a woman with a criminal record.

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Sports

Venezuela investigates 18 baseball players seeking asylum in Spain

Maduro calls on military to be alert to alleged plan by "fascist groups"

The Venezuelan government announced on Wednesday that it is investigating the case of 18 baseball players who are “under the supervision of Spanish authorities” after seeking protection.

In a statement, Venezuelan authorities said they are working to determine whether this case involves “a possible human trafficking scheme,” though they have not provided any evidence of such a crime.

The Venezuelan government emphasized its commitment to protecting the country’s athletes while also denouncing the use of international legal frameworks by certain governments allegedly seeking to discredit the administration.

CNN reached out to Spain’s National Police for a response to Venezuela’s claims. According to Spanish authorities, the 18 young athletes—including two minors—arrived in Spain to participate in a series of matches but had already planned to apply for asylum. Authorities confirmed on Tuesday that they had begun interviewing the players to process their international protection requests.

The team’s coach addressed the situation in a TikTok video, refuting local media reports that he had abandoned the athletes. He asserted that the players chose to remain in Barcelona to secure the necessary permits to sign with other teams and that their decision was unrelated to any political motivations.

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Filipe Luis debuts as coach in Copa Libertadores with Flamengo

A two-time Copa Libertadores champion with Flamengo during his playing days, Filipe Luis will make his managerial debut in the tournament this Thursday when the popular Rio de Janeiro club faces Venezuela’s Deportivo Táchira.

Placed in Group C alongside Táchira, Liga de Quito, and Argentina’s Central Córdoba, Flamengo starts as one of the favorites—a major challenge for the 39-year-old former player.

His early coaching career has been off to a strong start.

After retiring in 2023, Filipe Luis took over as Flamengo’s head coach on September 30. Just 41 days later, he won his first title, the Copa do Brasil. The year 2025 has already brought two more trophies: the Supercopa do Brasil, where Flamengo defeated Botafogo—current Libertadores and Brasileirão champions—3-1, and the Campeonato Carioca.

At 8:30 PM local time (00:30 GMT Friday), Flamengo under Filipe Luis will make its international debut at Estadio Pueblo Nuevo in San Cristóbal. Although Gerson, Uruguayan Giorgian de Arrascaeta, and Ecuadorian Gonzalo Plata are unavailable, the squad still boasts attacking firepower with Bruno Henrique and Everton.

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