Best bank: Bancoagrícola
El Salvador’s economy is performing poorly considering that its president Nayib Bukele recently won a landslide presidential election. His popularity belies an economy that has been blighted by high inflation, rising poverty and low growth.
However, Bukele’s success was down to his dramatic approach to the country’s organized crime problem – the cost of extortion topped at 3% of GDP according to some estimates. Now, his administration argues, the focus is to build on the social stability that his law-and-order programme has created.
Thanks for your interest in Euromoney!
To unlock this article:
