Nayib Bukele Begins Second Term as El Salvador's President Amid Economic Challenges
Bukele's popularity remains high due to his crackdown on crime, but economic issues loom large as he starts his new term.
- Bukele was re-elected with over 80% of the vote despite constitutional prohibitions on consecutive terms.
- His first term saw a significant reduction in crime, but his methods have drawn human rights criticisms.
- Economic concerns now dominate, with rising unemployment, poverty, and public debt exceeding 84% of GDP.
- Plans for Bitcoin City have stalled, and private investment has declined under his administration.
- Bukele's New Ideas party holds near-total control of parliament, enabling potential constitutional changes.