Despite the skepticism shown by some national and international media, today the President of El Salvador, Nayib Bukele, complied.
That country completed the transfers of the funds and paid the investors holding the Eurobond with a maturity date of January 24, 2023. The amount amounted to 800 million dollars. However, SEMANA confirmed that, after the two early purchase operations carried out in 2022, the bond was reduced to US $604.1 million of principal and US $23.4 million of interest.
According to sources from the Ministry of Finance of El Salvador consulted by this means, the Bukele Government continues with its commitment and responsibility to comply with its obligations in such a way that its ability to pay is proven before the capital markets, the risk rating agencies and the International organizations.
In the past year, almost every legacy international news outlet said that because of our “#Bitcoin bet”, El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today).
Literally, hundreds of articles https://t.co/rEiK7K13U4
— Nayib Bukele (@nayibbukele) January 24, 2023
El Salvador continues to be a cause for concern throughout the continent, which follows minute by minute the effective security strategy of President Nayib Bukele. His government’s fight against crime has been determined and has yielded surprising results, to the point that it has put more than 60,000 gang members in jail. All this after they sowed terror for decades.
Today, Bukele’s popularity rises to 92% in his country and a similar percentage agrees with his re-election. El Salvador has become an example in the region that shows that it is viable to have a democratic country that fights crime together. There are many days that this Central American country wakes up without a single homicide being committed throughout the national territory.
Well, we just paid in full, 800 million dollars plus interest.
But of course, almost nobody is covering the story.
I just found one, yes ONE, in spanish, from Colombia https://t.co/PcRES3poE1
They lie and lie and lie, and when their lies are exposed, they go on silence mode.
— Nayib Bukele (@nayibbukele) January 24, 2023