Central America

Salvadoran government plans to allocate $50 million to the informal sector

Juan Pablo Durán, head of the Salvadoran Bank for Development (Bandesal), said they are thinking about allocating $50 million to the informal sector, so that those companies affected by the economic crisis caused by the pandemic, may reactivate their economy.

Durán informed about a $78 million surplus from the subsidy to companies in the formal sector, therefore the plan is to transfer $50 million to the informal sector to meet the institution’s demand.

“We proposed to make this move, because we cannot leave on hold so many Salvadorans who need the resources. In this way, we will continue to look for resources to benefit this struggling sector,” he added.

President Nayib Bukele’s government decided that the remaining $28 million of the surplus be used to benefit the artistic sector, artisans, fishermen and others that the pandemic affected.

“We have no doubt that we are going to support and boost them through subsidies and not through credit, because these are sectors that have been severely affected and they will be the last ones to start working. Up until now, these groups have been affected to a great extent and this cannot continue to happen. Soon we will meet with them,” he added.

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To date, Bandesal has delivered about 32% of the trust that was granted by issuing Treasury Certificates (Cetes) last year.

Central America

Analyst questions IACHR role over report on El Salvador emergency measures

Political analyst Óscar Martínez Peñate on Tuesday called for a review of the role currently played by the Inter-American Commission on Human Rights (IACHR), arguing that it has undermined its credibility by hosting the presentation of a report critical of El Salvador.

Speaking during the interview program Panorama, Martínez questioned the commission’s decision to accept a report prepared by the Grupo Internacional de Expertas y Expertos para la Investigación de Violaciones de Derechos Humanos en El Salvador, which examines alleged human rights violations under the country’s state of emergency.

“We should examine what the current role of the Inter-American Commission on Human Rights is. How is it possible that they agree to host the presentation of a report whose premise is against a State, a government, a political system, and Salvadoran society?” Martínez said.

He added that by allowing the presentation of the report, the commission “automatically disqualifies itself.”

Martínez also questioned whether it is appropriate for the IACHR to serve as a “platform” for what he described as the defense of criminals, by treating the GIPES report as credible.

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According to the analyst, the commission is acting in a way that contradicts its mandate by enabling narratives that, in his view, go against Salvadoran society.

Central America

El Salvador destroys $166 million worth of cocaine seized from Tanzanian vessel

A total of 6,606 kilograms of cocaine, valued at more than $166.1 million, were destroyed on Tuesday in an operation led by the Fiscalía General de la República, in coordination with the Policía Nacional Civil, the Superintendencia de Regulación Sanitaria, and the Cuerpo de Bomberos de El Salvador.

The drugs had been seized on February 13 by the Naval Task Force Tridente of the Salvadoran Navy aboard a vessel flying the flag of Tanzania.

Authorities reported that the ship was intercepted approximately 380 nautical miles southwest of the Salvadoran coast. On board were 10 individuals of different nationalities: four Colombians, three Nicaraguans, two Panamanians, and one Ecuadorian.

The detainees were identified as Colombians Luis Enrique Rodelo Osorio, Antonio José Ángulo Narváez, Mario Alonso Pérez Hernández, and Miguel Antonio Galeano Ariaza; Nicaraguans José Martín Cerda Cea, Roberto Adolfo Díaz, and Francisco Javier García Duval; Panamanians Yareth Sanir Carr Garcés and Vicente Ramos; and Ecuadorian José Ramiro Valencia.

According to the Prosecutor’s Office, following the initial hearing, the Tribunal Primero Contra el Crimen Organizado de San Salvador ordered that the suspects remain in custody while the investigation continues, and authorized the destruction of the seized drugs.

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International

Trump Says Iran Is Welcome at 2026 World Cup but Warns of Security Concerns

The President of the United States, Donald Trump, said Thursday that the national football team of Iran is “welcome” to participate in the 2026 World Cup, although he suggested it might be safer for the team not to take part in the tournament.

“The Iranian national soccer team is welcome at the World Cup, but I really don’t think it’s appropriate for them to be there, for their own safety,” Trump wrote on his social media platform Truth Social.

His comments came a day after Iran’s sports minister, Ahman Donyamali, said that there are currently no conditions for the country to participate in the tournament following the killing of Iran’s Supreme Leader, Ali Khamenei, during a military offensive launched on February 28 by Israel and the United States.

“After the corrupt government killed our leader, there are no conditions that allow us to take part in the World Cup,” the Iranian official said. He added that the country has faced two wars in the past eight or nine months, resulting in thousands of civilian deaths, making participation in the tournament unlikely.

On Tuesday, the president of FIFA, Gianni Infantino, met with Trump at the White House.

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Following the meeting, Infantino said that Trump reiterated that Iran’s national team would be allowed to compete in the FIFA World Cup 2026.

“We discussed the current situation in Iran and the fact that the Iranian team has qualified to participate in the FIFA World Cup 2026. During the conversation, President Trump reiterated that the Iranian team is, of course, welcome to compete in the tournament in the United States,” Infantino wrote on Instagram.