El Salvador’s Sovereign Debt Surges as President Bukele Promises No New Borrowing in 2025

El Salvador’s sovereign debt surged on Monday following an announcement by President Nayib Bukele that the 2025 budget would not include any new debt issuance, according to a report by Zijia Song and Vinícius Andrade for Bloomberg. This move signals a shift towards fiscal austerity and could be a pivotal step in securing a long-awaited deal with […] source: https://www.cryptoglobe.com/latest/2024/09/el-salvadors-sovereign-debt-surges-as-president-bukele-promises-no-new-borrowing-in-2025/