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☆ El Salvador Removes Income Taxes for Money From Abroad
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: 1 min

SAN SALVADOR (Reuters) - El Salvador's Congress approved on Tuesday a reform to remove income taxes previously imposed on money from abroad, in a move to attract more foreign investment. Money flows from abroad in forms such as remittances and investments in companies will now be exempt from tax, lawmakers said. Prior to the reform, incomes equal to or greater than $150,000 had to pay a rate of 30% at the time of entry into the country. "The initiative aims to stimulate domestic and foreign investment to boost the economy and generate better and more employment opportunities," said lawmaker Suecy Callejas in Congress when defending the reform. (Reporting by Nelson Renteria; Writing by Valentine Hilaire; Editing by Sarah Morland)

Persons: Suecy Callejas, Nelson Renteria, Valentine Hilaire, Sarah Morland Organizations: SALVADOR, Reuters, Salvador's

☆ Argentina Photo of Half Naked, Bowed Prisoners Shows Tough-On-Crime Shift
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

The governor of Santa Fe province, Maximiliano Pullaro, shared details on Tuesday of a recent police search operation in the Pinero prison complex, where several high-profile drug traffickers are housed. She has previously applauded Bukele's approach to drug-related crime and said she was "interested in adapting the Bukele model" to Argentina. "They are going to have it worse and worse," Pullaro wrote on his Instagram social media account, alongside a picture of the prisoners with naked torsos and their heads bowed surrounded by guards in military gear. "Orders come out from the prisons that make life impossible for the people of Santa Fe," the governor added. Santa Fe is home to the strategic grains port city of Rosario, which last year recorded one of the highest homicide rates in Argentina as criminal gangs fight over drug territory.

Persons: Lucinda Elliott, El, Nayib, Maximiliano Pullaro, Pinero, Patricia Bullrich, Bukele's, Pullaro, torsos, El Salvador's Bukele, Bukele, Javier Milei's, Alistair Bell Organizations: Reuters, El Salvador, Argentina's, Legal, Social Studies, Conservative Political, Conference Locations: Argentina, Santa Fe, Maximiliano, Rosario, Buenos Aires, Washington

☆ U.S. Mends Fences With El Salvador's Bukele as China Lurks
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +6 min

Now, more than ever, the U.S. needs Central American nations like El Salvador to curb migration to the southern border. In October, the State Department's top Latin America diplomat, Brian Nichols, visited El Salvador and posed for photos with Bukele. WAITING IN THE WINGSAt the same time, there are growing ties between China and El Salvador. Although of limited commercial importance in itself, El Salvador offers China a foothold in Central America, and in 2017 broke relations with Taiwan in favor of China. "El Salvador wants to do trade with everyone," Bukele said during his victory speech on Sunday night.

Persons: Diego Oré, Sarah Kinosian, Nelson, Nayib Bukele, Jean Manes, Bukele's, Brian Nichols, Antony Blinken, Bukele, Manes, Ana Maria Mendez, Salvadorans, El Salvador, El, Margaret Myers, Diego Ore, Nelson Renteria, Christian Plumb, Rosalba O'Brien Organizations: SALVADOR, Reuters, El Salvador, Central American, U.S, U.S ., Central, State Department's, El, U.S . State Department, Washington Office, U.S . Customs, USAID, The U.S, Inter, Huawei, Washington, Diego Locations: United States, U.S, El Salvador, Latin America, America, China, Honduras, Washington, China's, San Salvador, Central America, Taiwan, Mexico City

☆ Bukele Landslide Shifts El Salvador to One-Party State, Amplifies Democracy Fears
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +5 min

By Sarah Kinosian and Nelson RenteriaSAN SALVADOR (Reuters) - The landslide re-election of El Salvador President Nayib Bukele was cheered by supporters of his gang crackdown, but has worried opponents who fear the country is sliding into a de facto one-party state. El Salvador had "made history" for electing a single party "in a fully democratic system," he said. But rights groups said they are worried about where the country is headed and forecast further curbs on civil rights. They are just grateful he crushed the gang violence plaguing El Salvador for decades and that they can go outside after dark again. "Democratic spaces are closing in El Salvador, civil society is closing down and there is an environment of fear to speak out," said Claudia Ortiz, a lawmaker who has clashed with Bukele and ran for the upstart Vamos party.

Persons: Sarah Kinosian, Nelson, Nayib Bukele, Bukele, El Salvador, Gabriela Santos, State Anthony Blinken, Daniel Ortega, Gladis Munoz, Claudia Ortiz, Nelson Renteria, Drazen Jorgic, Christian Plumb, Rosalba O'Brien Organizations: SALVADOR, Reuters, El Salvador, U.S, Human Rights, University of Central America, El, State, Bukele Locations: El Salvador, U.S, Central America, El, Nicaragua, Venezuela

SAN SALVADOR, El Salvador (AP) — Salvadorans are headed out to vote Sunday in a presidential and legislative elections that’s largely about the tradeoff between security and democracy. Nonetheless, about eight out of 10 of voters support Bukele, according to a January poll from the University of Central America. "He just needs a little bit more time, the time he needs to keep improving the country,” Mena said. In the lead-up to Sunday’s vote, Bukele made no public campaign appearances. “There’s this growing rejection of the basic principles of democracy and human rights, and support for authoritarian populism among people who feel that, concepts like democracy and human rights and due process have failed them,” said Tyler Mattiace, Americas researcher for Human Rights Watch.

Persons: —, Bukele, El, Farabundo, ”, Marleny Mena, Mena, ” Mena, “, Tyler Mattiace Organizations: SALVADOR, University of Central, Nationalist Republican Alliance, Liberation Front, Human Rights Watch Locations: El Salvador, University of Central America, San Salvador's, Americas

☆ EL Salvador's Bukele Declares Himself Winner of Presidential Vote
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

SAN SALVADOR (Reuters) - El Salvador's President Nayib Bukele declared himself the winner of presidential elections held on Sunday, hours after polls closed but before the electoral body announced official results. "According to our numbers, we won the presidential election with more than 85% of the votes and a minimum of 58 out of 60 Assembly deputies," Bukele said on X, referring to the 60-seat legislative assembly.

Persons: Nayib Bukele, Bukele Organizations: SALVADOR, Reuters

☆ Last Salvadoran Woman Imprisoned Over Baby's Death Calls for Change
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

El Salvador has one of the most draconian abortion bans in the Americas, which critics say extends to women who suffer miscarriages and stillbirths. Many women have been sentenced to decades in prison on charges of killing their children. The 28-year-old woman, known as Lilian, was the last woman still imprisoned on such charges, according to two local civil rights groups. "I call on people stop denouncing other innocent women," Lilian told a press conference after a judge last month acquitted her of a 30-year sentence after seven years behind bars. Lilian, who is also the mother of a 10-year-old, said she was happy to be reunited with her family.

Persons: El, Lilian, Lillian, Nelson Renteria, Raul Cortes, Sarah Morland, Leslie Adler Organizations: SALVADOR, Reuters, Central, Citizens, Group Locations: El Salvador, Central American, Americas, Nicaragua, Honduras, Dominican Republic, Caribbean

☆ El Salvador's president asks for leave of absence to seek reelection
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] El Salvador's President Nayib Bukele speaks during the inauguration of the 3 de Febrero hydroelectric power plant in San Luis de La Reina, El Salvador October 19, 2023. REUTERS/Jose Cabezas/File Photo Acquire Licensing RightsSAN SALVADOR, Nov 28 (Reuters) - Salvadoran President Nayib Bukele announced on Tuesday he will formally ask Congress to approve a leave of absence over the next few days to allow him to run for reelection as president of the Central American nation next year. In a televised speech, Bukele said he is formally requesting the leave of absence "to dedicate myself to the campaign," but he did not name his temporary replacement in his brief remarks. While critics question Bukele's ability to seek a second consecutive term, citing a constitutional prohibition, the country's top court ruled he could run in 2021. The judges on that court were appointed by Congress, which is dominated by Bukele's New Ideas party.

Persons: Nayib Bukele, San Luis de La, Jose Cabezas, Bukele, Nelson Renteria, David Alire Garcia Organizations: El, San Luis de La Reina, REUTERS, SALVADOR, Central American, Congress, Bukele's, Thomson Locations: San Luis, El Salvador

☆ Election victory of Argentina's Milei greeted globally by mix of hostility and support
▼ + stars: | 2023-11-21 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

Asked for his reaction on Tuesday, Mexico's leftist President Andres Manuel Lopez Obrador said he respected the voters' verdict, but added that he believed Milei's win is unlikely to alleviate Argentina's problems. But other leftist Latin American leaders were more supportive. Chilean President Gabriel Boric and Brazil's President Luiz Inacio Lula da Silva both extended best wishes to Milei. Lula's congratulations came despite Milei's harsh criticism of the Brazilian leader on the campaign trail, where at one point Milei labeled Lula an "angry communist" and corrupt. Milei found enthusiastic support among right-wing populists, including former U.S. President Donald Trump and former Brazilian President Jair Bolsonaro, who Lula narrowly defeated last year.

Persons: Javier Milei, Alberto Fernandez, Andres Manuel Lopez Obrador, Milei's, Lopez Obrador, Evo Morales, Gustavo Petro, Gabriel Boric, Luiz Inacio Lula da Silva, Milei, Lula's, Lula, Vladimir Putin, Donald Trump, Jair Bolsonaro, I'm, Argentina's, Nayib Bukele, Bukele, Steven Grattan, David Alire Garcia, Rosalba O'Brien Organizations: Peronist, Colombian, Ukraine, U.S, Sao Paulo, Thomson Locations: China, Argentina, Buenos Aires, Venezuela, Colombia, Chilean, Moscow, Russia, Beijing, Sao

☆ Argentina's new far-right president Javier Milei winning is a triumph for Tucker Carlson
▼ + stars: | 2023-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Tucker Carlson interviewed Javier Milei in September, boosting his candidacy. Milei is a far-right firebrand and showman, compared by some to Donald Trump. AdvertisementAfter the election of far-right outsider Javier Milei as Argentina's president Sunday, former Fox News host Tucker Carlson took a victory lap. Carlson posted a picture of himself posing with Milei, whose candidacy he boosted by interviewing him for his show on X in September. In the interview, Milei echoed the rhetoric of former US President Donald Trump, questioning the climate crisis, urging right-wingers to wage culture wars with liberals, and pledging to cut government spending to reduce Argentina's spiking inflation.

Persons: Tucker Carlson, Javier Milei, Milei, Donald Trump, Carlson's, —, Carlson, Bauer, Trump, Hungary's Viktor Orbán, Jair, he's, soulmates Trump, Benjamin Gedan Organizations: Service, Fox News, University of Alabama, Reuters Institute, Fox, Trump, Latin America, Wilson Center, Associated Press Locations: Argentina, Washington

☆ Miss Universe 2023 preliminary: Highlights from the national costume competition
▼ + stars: | 2023-11-17 | by ( Alex Rees | ) edition.cnn.com time to read: +6 min

That’s a serious question, but with a delightfully nonsensical answer: All served as inspiration for national costumes on display during the 2023 Miss Universe pageant’s preliminary competition. (Specifically, those were the looks donned by Miss Great Britain, Miss Philippines, Miss Dominican Republic and, yes, Miss Switzerland.) Eighty-four countries are represented at this year’s Miss Universe, which is taking place in the El Salvadoran capital of San Salvador. Miss Nepal, Jane Garrett, is one of the first “curvy” women to compete at Miss Universe; Erica Robin, meanwhile, is the first woman to represent Pakistan at the pageant. Hector Vivas/Getty ImagesTrue to form for the competition, Miss France ventured into Moulin Rouge's costume department.

Persons: Miss Great, Miss Nepal, Jane Garrett, Erica Robin, R’Bonney Gabriel, Hector Vivas, Miss Brazil, El Salvador's, Alex Peña, Ireland's, carnations, Miss Nigeria's, Miss Curaçao's, Marina Machete, Miss Malaysia, Serena Lee, Jordanne Levy, Moulin, Anntonia Porsild, Bryoni Natalie Govender, Miss Mongolia's Organizations: CNN, Swiss Guard, Miss, El, Oxford English, Miss Netherlands, Games, country's Air Force, Images Locations: Miss Great Britain, Miss Philippines, Miss Dominican Republic, Miss Switzerland, El Salvadoran, San Salvador, Netherlands, Portugal, Miss, Pakistan, USA, Miss Iceland, Venezuelan American, Costa Rica, Miss Portugal, Honduras, Jamaica, Thailand, South Africa

Since the end of October, citizens of 57 largely African countries and India have had to pay the fee, according to El Salvador’s aviation authority. Also, the U.S. has been pressuring Central American countries to curb migration flows to its border with Mexico. El Salvador’s aviation authority said most passengers who have to pay the fee are headed to Nicaragua on the commercial airline Avianca. Political Cartoons View All 1244 ImagesA flight itinerary of one Senegalese migrant seen by The Associated Press showed the migrant passing through Morocco, Spain and El Salvador before landing in Managua. “Part of me wonders ... we will not critique the Bukele administration as much because it’s supposedly reducing the levels of migrants?”___Associated Press writer Marcos Alemán in San Salvador, El Salvador, contributed to this report.

Persons: — El, El Salvador’s, Nayib Bukele, Donald Trump's, Bukele, Joe Biden, ”, Biden, Pamela Ruiz, ” —, Western Hemisphere Affairs Brian A, Nichols, “, Ruiz, Marcos Alemán Organizations: MEXICO CITY, Aviation, Central, Associated Press, El Salvador, El, U.S . State Department, Central America, International Crisis, State, Western Hemisphere Affairs, Crisis Locations: MEXICO, India, U.S, Mexico . U.S, Nicaragua, Haiti, Cuba, Africa, Morocco, Spain, El Salvador, Managua, United States, Guatemala, Costa Rica, Colombia, Ecuador, San Salvador , El Salvador

☆ El Salvador Electoral Tribunal Green Lights Bukele's Re-Election Bid
▼ + stars: | 2023-11-03 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

SAN SALVADOR (Reuters) - El Salvador's electoral tribunal on Friday approved President Nayib Bukele's candidacy in next year's presidential election, where he will seek a second term that would keep him in office until 2029 if reelected. The decision comes a week after the 42-year-old president formally filed paperwork to run for re-election, despite concerns over his constitutional eligibility to seek a consecutive term. Members of the electoral tribunal are elected by Congress, which is controlled by the president's New Ideas party. While critics question Bukele's ability to seek a second term citing a constitutional prohibition, the country's top court ruled he could run in 2021. (Reporting by Gerardo Arbaiza; Writing by Brendan O'Boyle; Editing by Isabel Woodford)

Persons: Nayib Bukele's, Gerardo Arbaiza, Brendan O'Boyle, Isabel Woodford Organizations: SALVADOR, Reuters, Congress

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - The International Monetary Fund's engagement with El Salvador has been "very productive" following a recent visit from a negotiating team, but an agreement is "not there yet" for a new financing program, an IMF official said on Friday. "The engagement with El Salvador has been very productive," Rodrigo Valdes, director of the IMF's Western Hemisphere Department, told Reuters. "We just had a mission there, a negotiating mission, but we knew that it would be a first step," he said. The IMF said in late September that it was working with El Salvador on "technical issues" and on minimizing the risks from the country's adoption of bitcoin as legal tender. "In other countries fragmentation, low popularity, are constraints for policy actions and here they have a very valuable opportunity," the IMF official said.

Persons: Western Hemisphere Department Rodrigo Valdes, Susana Vera, El Salvador, Rodrigo Valdes, Valdes, we're, Nayib Bukele, El, Bukele, Jorgelina, Rodrigo Campos, Nelson Renteria, Paul Simao Organizations: International Monetary Fund, Western Hemisphere Department, Reuters, IMF, World Bank, REUTERS, Rights, Monetary, El, Salvadoran, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, El Salvador, Salvadoran, Rosario, New York, San Salvador

☆ El Salvador's President Urges Palestinians to Oust Hamas
▼ + stars: | 2023-10-09 | by ( ) www.wsj.com time to read: 1 min

For more than a year, El Salvador President Nayib Bukele’s campaign to lock up tens of thousands of gang members has helped bring rare security to his Central American nation, once a world homicide capital. Now, he recommends that the Palestinian people, from which his family hails, also take a no-nonsense approach to Hamas. “As a Salvadoran with Palestinian ancestry, I’m sure the best thing that could happen to the Palestinian people is for Hamas to completely disappear,” Bukele said in a post on X, formerly Twitter. “Those savage beasts do not represent the Palestinians.” While Bukele’s anti-gang crusade has led to human rights abuse allegations, securing the streets has helped his popularity soar. “Palestinians should do the same: get rid of those animals and let the good people thrive,” he said.

Persons: Nayib Bukele’s, ” Bukele, ” Organizations: El Salvador, Central, Hamas Locations: Central American

☆ El Salvador’s abortion laws are notoriously harsh. These women say they were convicted of homicide after having stillborn babies
▼ + stars: | 2023-10-08 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +19 min

CNN —A sign greets visitors arriving at a sun-filled two-story house in El Salvador’s capital. But within El Salvador, a largely Catholic and evangelical Christian country, some viewed the women’s accounts with skepticism and hostility. Again, the UN’s human rights office weighed in, calling El Salvador’s laws “draconian.”Two months later, 11 justices from El Salvador’s Supreme Court commuted Vásquez’s sentence, saying evidence in the case did not prove that she had taken any action to end her baby’s life. The Harvard professor has been studying these women’s cases and the impact of El Salvador’s abortion restrictions for years. This shows her after a visit in August 2018, six months after El Salvador's Supreme Court commuted her sentence.

Persons: Teodora Vásquez, they’ll, It’s, El Salvador, it’s, Vásquez, who’ve, “ We’ve, ” Vásquez, “, ”, Teodora, Oscar Rivera, Salvador Melendez, Jocelyn Viterna, ” Viterna, Viterna, Dana Sussman, —, Benedicte, Ra’ad Al Hussein, José Miguel Fortín Magaña, Jose Cabezas, El, ‘, ’ ” Vásquez, Libres, who've, Jessie Wardarski, “ I’ve, Jacqueline Castillo, “ It’s, ” Castillo, she’s, Mujeres, there’s, Marvin Recinos, She’s, Merlin Delcid, CNN’s Tierney Sneed Organizations: CNN, El, Getty, Hollywood, Amnesty, of Women, Harvard University, Salvadoran, Pregnancy, UN, Human Rights, El Salvador’s Institute of Legal Medicine, Reuters, Citizen Group, Harvard, Mujeres Libres El, Inter, American, of Human, “, of Steel Locations: El Salvador’s, “, Libres El Salvador, Mujeres, Salvadoran, El Salvador, United States, New York, El, San Salvador, Mujeres Libres, Mujeres Libres El Salvador, AFP

☆ El Salvador kicks off election campaigns as incumbent's bid faces criticism over constitutionality
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

El Salvador's President Nayib Bukele addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSAN SALVADOR, Oct 3 (Reuters) - El Salvador's political parties launched their campaigns for the upcoming presidential elections on Tuesday, amid vocal criticism from the opposition that President Nayib Bukele will seek re-election despite it being prohibited by the constitution. More than 6 million Salvadorans are set to hit the polls on Feb. 4 to elect a president and vice president, who govern for five-year terms. Bukele is heavily favored to win re-election in the Central American nation, whose constitution forbids consecutive terms. Reporting by Nelson Renteria; Writing by Kylie Madry; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Nayib Bukele, Eduardo Munoz, Francisco Gavidia, Felix Ulloa, Nelson Renteria, Kylie Madry, Josie Kao Organizations: El, General Assembly, REUTERS, SALVADOR, Central, Francisco Gavidia University's Citizen Studies Center, Reuters, Salvadoran, Thomson Locations: New York City, U.S, Central American

Policemen prepare for an anti-gang patrol following a year-long state of emergency against gangs, in Soyapango, El Salvador March 24, 2023. It shows police believe 42,826 people, or 36% of those they say are tied to gangs, remain free. Of those, more than 20,000 are considered to be active gang members. Security forces have since arrested more than 72,000 suspected gang members and associates, giving the country the highest incarceration rate in the world. Authorities put alleged gang members into three categories: active members, aspiring members and collaborators, defined as people who assist the gang but are not members.

Persons: Jose Cabezas, Noah Bullock, they've, Nayib Bukele, Marvin Reyes, Reyes, Bullock, Sarah Kinosian, Nelson Renteria, Stephen Eisenhammer, Tom Hogue Organizations: REUTERS, SALVADOR, National Civil Police, Reuters, Gangs, Security, Police Workers Movement, Thomson Locations: Soyapango, El Salvador, El, Mexico City, San Salvador

Bukele said that if El Salvador had listened to external critics — including some at the United Nations — the tiny Central American country would again be the murder capital of the world. They are irrefutable.”More than 72,000 people have been arrested under a state of emergency Bukele requested in March 2022 after a surge in gang violence. Political Cartoons View All 1169 ImagesIn March, the U.N. human rights office expressed concern over the year-long crackdown, noting widespread human rights violations, thousands of unsubstantiated arrests and dozens of in-custody deaths. In 2015, El Salvador was considered one of the world’s most violent as it recorded 6,656 homicides, or about 106 per 100,000 people. Bukele mentioned the Central American and Caribbean Games that El Salvador hosted in June and the upcoming Miss Universe competition that will come to El Salvador in November, as well as international surfing competitions that Bukele has promoted.

Persons: — El, Nayib Bukele, Bukele, El Salvador, ” Bukele, Salvadorans, El, “, ” Organizations: UNITED NATIONS, General, United Nations, El, Legislative, National Civil Police, Central American, Caribbean Games, Miss Locations: — El Salvador, American, El Salvador

El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador's debt repurchases last year and a still-light payments calendar were behind a rally that shrank the premium to hold Salvadoran government debt (.JPMEGDELSR) from above 3,200 basis points in July last year to about 1,000 a year later. Katrina Butt, a senior economist at AllianceBernstein, said that even as the size of the investment is yet to be made public, "Google Cloud's announcement could significantly improve macro fundamentals in El Salvador over time". "Though outperformance of El Salvador has been impressive we think the carry is still attractive given the low default risk." BNP's Marshik said the next leg of the rally could come from good news on El Salvador's relationship with the International Monetary Fund - where the United States is the largest shareholder.

Persons: Nayib Bukele, Jose Cabezas, Nathalie Marshik, Katrina Butt, Shamaila Khan, BNP's Marshik, Siobhan Morden, Rodrigo Campos, Nelson Renteria, Angus MacSwn Organizations: El, San Salvador , El, REUTERS, SALVADOR, Reuters, BNP Paribas, Google, United States, U.S . Embassy, Peace Corps, Central American, U.S, Asia Pacific, UBS Asset Management, International Monetary, IMF, Santander US Capital Markets, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, America, Peace, El Salvador's, Asia, United States

☆ Factbox: Top five candidates vying for presidency of Ecuador
▼ + stars: | 2023-08-17 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

She was leading voting intention with about 30% in recent polls, though no polls have been published since Villavicencio's killing. The 54-year-old widower has promised to fight crime with better social programs and data-driven security policies. OTTO SONNENHOLZNERSonnenholzner, a 40-year-old businessman and economist, has promoted himself as a young policymaker seeking to bring "peace, money and progress" to Ecuador. JAN TOPICTopic, 40, a private security and telecommunications businessman, has promised security would be his first and most important focus if elected. Already-printed ballots will show Villavicencio's name and photo, but the electoral authority has said votes will be counted for his replacement.

Persons: Yaku Perez, Henry Romero, Guillermo Lasso, Fernando Villavicencio, LUISA GONZALEZ Lawyer Gonzalez, Rafael Correa, Gonzalez, Correa, YAKU PEREZ, Perez, Carlos, Yaku, OTTO SONNENHOLZNER Sonnenholzner, Lenin Moreno, Moreno, Sonnenholzner, El, Nayib Bukele, CHRISTIAN ZURITA Zurita, Zurita, Fernando, Alexandra Valencia, Oliver Griffin, Julia Symmes Cobb, Aurora Ellis Organizations: REUTERS, Rights, French Foreign Legion, Central, Reuters, Thomson Locations: Quito, Ecuador, Rights QUITO, Here's, Belgium, Choco, Ukraine, Central American

☆ Blinken to meet Japan, S.Korea foreign ministers virtually on Monday
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: 1 min

U.S. Secretary of State Antony Blinken speaks to media with El Salvador's Foreign Minister Alexandra Hill at the State Department in Washington, U.S., August 7, 2023. REUTERS/Kevin Wurm/File PhotoTOKYO, Aug 14 (Reuters) - U.S. Secretary of State Antony Blinken will hold a virtual meeting with Japanese Foreign Minister Yoshimasa Hayashi and South Korean Foreign Minister Park Jin on Monday, the U.S. State Department said. Leaders of the three nations are due to meet on Aug. 18 at the U.S. presidential retreat at Camp David, Maryland, according to Japanese media. Reporting by Rocky Swift; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Alexandra Hill, Kevin Wurm, Yoshimasa Hayashi, Jin, Rocky Swift, Muralikumar Organizations: El Salvador's, State Department, REUTERS, Japanese, South Korean Foreign, U.S . State Department, U.S, Thomson Locations: Washington , U.S, Camp David, Maryland

☆ El Salvador backs mass trials for thousands held in crime crackdown
▼ + stars: | 2023-07-26 | by ( Nelson Renteria | ) www.reuters.com time to read: +3 min

[1/2] El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador has been under a state of emergency for 16 months, sparking the arrest of over 71,900 alleged gang members. Opposition politicians and rights groups say group trials risk depriving detainees of their right to due process and their individual presumption of innocence. On July 14 at the Inter-American Commission on Human Rights, rights organizations denounced the deaths of 174 people in state custody and over 6,400 documented human rights abuses during the state of emergency. Reporting by Nelson Renteria in San Salvador; writing by Sarah Kinosian; Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Nayib Bukele, Jose Cabezas, Nayib Bukele's, Gustavo Villatoro, Manuel Melendez, Ingrid Escobar, general's, Nelson Renteria, Sarah Kinosian, Matthew Lewis Organizations: El, San Salvador , El, REUTERS, SALVADOR, Central American, Justice, Salvadoran, Harvard University, Legal, Inter, American, Human Rights, Lawmakers, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, San Salvador

Rising tensions between Washington and President Nayib Bukele's government, dwindling prospects of a financing deal with the International Monetary Fund (IMF) and the fallout from bitcoin becoming legal tender against a wider difficult macro backdrop had seen El Salvador bonds drop to a quarter of face value last July. "In the summer of 2022, El Salvador bond prices were divorced from fundamentals," said Aaron Stern, managing partner and chief investment officer at Converium Capital in Toronto, who has been holding the country's bonds since last year. "The market was concerned about the administration's willingness to pay," he said, but even now El Salvador offers attractive value when compared to a number of better priced emerging market sovereigns. These were the best performing among sovereign bonds in the first half of the year, with total returns near 60%. "In a year where carry is the main driver of total returns, investors are going to be reticent to take profits too early," said BNP Paribas' Nathalie Marshik, a managing director for Latin America fixed income.

Persons: Nayib Bukele's, buybacks, Aaron Stern, Alejandro Werner, Bukele, there's, Shamaila Khan, Nathalie Marshik, Marshik, Rodrigo Campos, Karin Strohecker, William Maclean Organizations: YORK, Central, International Monetary Fund, El, IMF, Converium Capital, Reuters, Emerging Markets, Asia Pacific, UBS Asset Management, Reuters Graphics JPMorgan, Thomson Locations: El Salvador, Central American, Washington, Toronto, it's, America

☆ Magnitude 6.5 quake felt in Central America, no damage reported
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

SAN SALVADOR, July 18 (Reuters) - A magnitude 6.5 earthquake struck off El Salvador's Pacific coast at a depth of nearly 70 km (43 miles) on Tuesday evening, the United States Geological Survey (USGS) said, with reports indicating it was felt in several nations in Central America. There were no immediate reports of damage and the earthquake did not trigger a tsunami warning for El Salvador, El Salvador's environment ministry said. Salvadoran lawmaker Salvador Chacon said on Twitter that checks were being carried out in the coastal city of La Libertad, near the capital San Salvador, although there were no reports of damage from the municipality. The quake was also felt in Nicaragua, Honduras, Guatemala and Belize, according to local media and Reuters witnesses. Reporting by Nelson Renteria in San Salvador; Writing by Kylie Madry and Isabel Woodford; Editing by Anthony Esposito and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: El, Salvador Chacon, Nelson Renteria, Kylie Madry, Isabel Woodford, Anthony Esposito, Tom Hogue Organizations: SALVADOR, United States Geological Survey, Twitter, Thomson Locations: El, Central America, El Salvador, La Libertad, San Salvador, Nicaragua, Honduras, Guatemala, Belize

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