El Salvador
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IMF says El Salvador's Bitcoin accumulation remains within programme limits
The IMF clarified El Salvador's Bitcoin accumulation remains consistent with its programme despite the nation's crypto portfolio swelling beyond $760mn as Bitcoin rallied above $120,000.
Nigel Farage proposes sending UK prisoners to El Salvador following Trump model
Reform UK leader Nigel Farage has announced plans to send British prisoners to El Salvador if he becomes prime minister, mirroring a controversial arrangement between US President Donald Trump and his Salvadoran counterpart Nayib Bukele.
El Salvador's Bitcoin gamble pays off as reserves surge past $760mn
El Salvador's Bitcoin holdings have surged to more than $760mn as the cryptocurrency climbed above $120,000, vindicating President Nayib Bukele's controversial digital asset strategy while successfully navigating conditions imposed by the IMF.
Renewable energy surge puts Latin America on track for climate leadership
Latin America stands at a critical juncture in its energy evolution, with its largest economies showing both remarkable progress in renewable adoption and persistent challenges in weaning themselves off fossil fuels.
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El Salvador’s Bukele offers to ‘ship inmates to Paris’ following fashion week controversy
El Salvador’s government has sharply criticised a Paris Fashion Week show by designer Willy Chavarría for featuring outfits resembling the prison-issue uniforms used in the country’s maximum-security Terrorism Confinement Centre (CECOT).
El Salvador in “darkest moment” for press freedom since civil war, rights groups say
Seventeen international press freedom organisations have issued a joint statement expressing "deep alarm" at what they describe as an accelerated deterioration of press freedom in El Salvador under President Bukele.
Spanish-led right-wing alliance plots Latin American electoral sweep
A coalition of conservative and far-right parties from Spain and Latin America has declared its intention to secure victory in seven general elections across the region scheduled for this year and 2026.
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Latin America splits over Iran-Israel conflict
The escalating Iran-Israel conflict has exposed deep fractures across Latin America, with governments from Buenos Aires to Caracas staking out opposing positions that lay bare deep-rooted political divisions.
El Salvador president attacks NGOs and press in defiant anniversary speech
El Salvador's President Nayib Bukele delivered a defiant speech marking one year since his re-election, dismissing criticism of his authoritarian approach while doubling down on his controversial security policies.
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El Salvador’s Bitcoin splurge risks derailing $120mn IMF payout
The IMF struck a staff-level agreement with El Salvador, paving the way for nearly $120mn in funding pending executive board approval. But tensions persist as the country continues buying Bitcoin in defiance of the fund's conditions.
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Latin America faces investment drought as fiscal space shrinks, ECLAC says
ECLAC report highlights the region's struggle with low public investment amid mounting debt pressures.
COMMENT: China and Latin America forge ‘shared future’ as US wields coercive diplomacy
China hosted Latin American leaders at the China-CELAC Forum, pledging $9.2bn and deeper ties. As US influence fades, Beijing’s “shared future” vision gains ground, fueling a shift in global alliances and challenging Washington’s dominance.
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Latin American EV market accelerates threefold in 2024
The number of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
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Trump administration proposes 5% tax on migrant remittances amid Latin American outcry
The Trump administration has introduced a controversial legislative proposal to impose a 5% tax on remittances sent abroad by non-citizens living in the United States.
China woos Latin America with $9bn credit line amid Trump trade tensions
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
ECLAC cuts Latin America growth forecast amid global uncertainties
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) has downgraded its 2025 growth forecast to 2%, adding to a chorus of international institutions painting a bleak outlook for the region.
El Salvador plays defiant game with IMF Bitcoin rules
El Salvador is still sticking to its Bitcoin freeze, the IMF said during the Spring Meetings 2025. But the country’s actual actions appear to contradict the global lender’s claim.