El Salvador’s economy remains on shaky ground despite significant progress in reducing gang violence, which has boosted its Bitcoin holdings and made President Nayib Bukele a popular leader worldwide. The country’s recent security crackdown led to the arrest or killing of nearly all gang members operating in the Balsamo mountain range, where coffee growers previously faced extortion. However, the farmers are not reaping the economic benefits they deserve due to various issues affecting their agricultural sector.
Source: https://www.bloomberg.com/news/features/2024-12-18/bukele-cracked-down-on-el-salvador-crime-struggles-to-boost-economy