Corruption Scandals Stain Bukele’s Image Ahead of Key Elections in El Salvador

As COVID-19 spread around the world last spring, El Salvador joined the dozens of countries that were appealing for urgent humanitarian assistance. Hundreds of millions of dollars rapidly flowed into El Salvador’s coffers from bilateral donors, private lenders and international financial institutions, including a $389 million loan from the International Monetary Fund that was approved in April. Flush with borrowed money and facing an unprecedented public health and economic crisis, the Salvadoran legislature approved a $2 billion emergency fund to combat the pandemic—equivalent to nearly 8 percent of the country’s GDP. But the sudden inflow of cash has also created […]