Those who invested in El Salvador’s bonds had the second-best returns in the world: President Nayib Bukele

The President of the Republic, Nayib Bukele, assured this Thursday that the people who bet on supporting Salvadoran bonds have managed to obtain the second best profitability in the world, according to what was expressed by Bloomberg magazine on the same day.

The president also referred to those who bet against the country, assuring them that they have seen losses of millions of dollars and highlighting how the economic image of El Salvador on an international scale has radically changed.

“Those who bet against our country lost hundreds of millions of dollars, while those who invested in our bonds had the second best returns in the world,” Bukele published tonight.

On this day, a publication from the specialized magazine Blomberg was released, in which it was highlighted how Bukele has managed to gain confidence in the environment of the Wall Street stock market, thanks to the management he has made of El Salvador’s external debt, being the second best performer in the world, behind only Lebanon.

Bloomberg pointed out that, in that bag, the Salvadoran debt has been the second-best performer, only behind the nation of Lebanon. In addition, El Salvador managed to settle a total of $800 million in debt that expired in January, also repurchasing $452 million that matures in 2025.

Similarly, Bloomberg highlighted the measures implemented in terms of public security that improve the investment climate in El Salvador, making it a more attractive point and thus increasing the dynamism of the national economy.

Bloomberg’s publication comes days after learning about a report from the International Monetary Fund (IMF) that indicates that the risks that several analysts predicted for El Salvador due to the use of bitcoin as legal currency “have not materialized.”

International media indicated that the IMF certified, after a visit to El Salvador, that the risks that were projected had not materialized, despite maintaining its position of suggesting that El Salvador back down in the legal adoption of cryptocurrency, even though the same institution confirms the absence of current risks.

Since September 7, 2021, the Bitcoin Law has been in force in El Salvador, which allows the cryptocurrency to be recognized as legal currency throughout the Salvadoran territory.

From that moment on, El Salvador made history by being the first country in the world to adapt this measure, becoming a benchmark for other nations worldwide that have initiated their own bills to adopt cryptocurrency as legal currency in their territories.

In addition, on January 11, the Legislative Assembly approved the Digital Assets Issuance Law, whose purpose is to establish the legal order that grants legal certainty to transfer operations with any title of digital assets that are used in the issuance of public offerings made in El Salvador.

This legal framework consists of regulating the requirements and obligations of issuers, digital asset service providers, and other participants that operate in the public offering process.