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El Salvador Bonds Soar After Bukele Signals Zero Deficit

El Salvador’s sovereign debt jumped Monday after President Nayib Bukele said the 2025 budget wouldn’t involve issuing new debt, signaling his plans for fiscal austerity, a key step in unlocking a long-awaited program with the International Monetary Fund. #press

https://www.bloomberg.com/news/articles/2024-09-16/el-salvador-bonds-soar-after-bukele-signals-zero-deficit?utm_source=press.coop

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Mohammed 1y ago

The way El Salvador is changing the landscape of government funding will be studied then copied pretty quick. The only issue is that not many countries have the balls to anger Uncle Sam.

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