El Salvador’s President Nayib Bukele and his administration are behind the country’s growing popularity among investors, with the nation’s foreign notes performing well in emerging markets. El Salvador has struggled to gain the favour of the International Monetary Fund (IMF), which is concerned about El Salvador’s acceptance of Bitcoin and some policies enacted by the Bukele government. However, the repayment of an $800m bond in January 2023, and the appointment of ex-IMF officer Alejandro Werner as an advisor to the government, has given investors more confidence in the country. The bonds are currently showing an average of 28% for the year, and some investors, such as Alliance Global Partners Managing Director of Fixed Income Oren Barack, believe El Salvador presents a good investment opportunity.
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