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El Salvador bonds surge following president Bukele’s fiscal announcement

Bloomberg reported that on Monday, El Salvador’s international market bonds rose following President Nayib Bukele’s announcement that the 2025 General Budget will not require external financing.

The financial news outlet highlighted that Salvadoran securities “rose across the curve, with those maturing in 2035 gaining 2.2 cents to 80.6 cents per dollar, the highest level since 2021.”

Carlos de Sousa, Emerging Markets Debt Portfolio Manager at Vontobel Asset Management, noted in the Bloomberg article that the president’s statement signals the country is on the right fiscal path.

Other analysts believe that this market boost may also benefit the agreement that El Salvador is negotiating with the International Monetary Fund.

“We see the Salvadoran government and the IMF closer than ever to reaching an agreement after years of negotiations,” Lucas Martin, Alex Muller, and Jane Brauer from Bank of America told Bloomberg.

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In August, El Salvador’s bonds experienced a similar surge after the IMF announced a preliminary understanding with the Central American country.

At that time, bonds due in 2052 jumped 2.6 cents to 80.4 cents per dollar, the biggest one-day gain in over a month, according to indicative price data.

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Central America

Arévalo calls corruption the “fuel of inequality” and reaffirms commitment to public transparency

Bernardo Arévalo rejects suspension of his party in Guatemala

Guatemala’s President, Bernardo Arévalo, stated on Friday that corruption is “the food of misery” in his country and reaffirmed his government’s commitment to continuing to strengthen public spending transparency.

During the first anniversary of the National Commission Against Corruption (CNC) established by his administration, the president expressed his satisfaction with the progress made.

“The road has been difficult,” he said, “but I am greatly satisfied with the fight against corruption, which is the fuel of inequality and the food of misery,” the president declared before members of the international community and government officials.

Arévalo also mentioned that the people who elected him in 2023 for a four-year term that began on January 14, 2024, “demand that we combat corruption.”

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Central America

Zúñiga hopes CIDH experts can help investigate intellectual authors of Berta Cáceres’ murder

Bertha Zúñiga, daughter of the murdered Honduran environmentalist Berta Cáceres, expressed her hope on Friday to EFE that the expert group appointed by the Inter-American Commission on Human Rights (CIDH) will help investigate the authorship of the crime to “heal the wounds” and rebuild the social fabric in indigenous communities affected by the hydroelectric project her mother opposed.

The Interdisciplinary Group of Independent Experts (GIEI) represents an “effort to exhaust the investigations” into the responsibilities of all individuals involved in Cáceres’ murder, as well as in the “violence suffered” from the implementation of the Agua Zarca hydroelectric project, led by the company Desarrollos Energéticos S.A. (DESA), emphasized Zúñiga.

“We hope that, with the collaboration of the prosecutorial entities, (the experts) will effectively collaborate to move forward on what we have proposed and demanded for many years: formally requiring the intellectual authors of this crime and analyzing the related crimes,” including corruption and other violations, as well as proposing a comprehensive reparation plan for the victims of the hydroelectric project,” Zúñiga explained.

The CIDH appointed a group of four experts from Argentina, Chile, the United States, and Guatemala on Friday to provide technical assistance to Honduras in investigating the intellectual authorship of Cáceres’ murder, which occurred on March 2, 2016, while she was sleeping in her home in La Esperanza, despite the multiple death threats she had reported due to her opposition to the Agua Zarca project.

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Central America

Nicaragua’s family confinement program: 7.18% of released prisoners reoffend

Nicaraguan authorities have released a total of 48,964 common prisoners under the family confinement regime over the past ten years, with 7.18% of them reoffending by committing at least one crime, according to the country’s vice president, Rosario Murillo.

Murillo, who is also the wife of Nicaraguan President Daniel Ortega and appointed “co-president” in a reform to the Constitution, stated through official media that “7.18% are individuals who have reoffended in criminal activity from 2015 to today, February 14, 2025.”

This means that 3,515 out of the 48,964 common prisoners with final sentences who have been granted family confinement privileges have returned to criminal activity, according to the report.

The early release of common prisoners has faced criticism, particularly from feminist organizations, who argue that these benefits have contributed to an increase in femicides and general crime in Nicaragua.

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