07-2021 Latin American Economy & Business
Economy & Business Report
El Salvador’s bitcoin adventure raises concerns
El Salvador’s supreme electoral tribunal (TSE) formally proclaimed Salvador Sánchez Cerén as president-elect on 16 March, exactly one week after desperately closely contested elections. The TSE decided that the evidence of alleged fraud presented by the right-wing opposition Alianza Republicana Nacionalista (Arena) was insufficient to annul the elections. Sánchez Cerén has appointed a transition team to prepare the way for his investiture on 1 June. The appointment of six, predominantly hard-line, former guerrillas jarred somewhat with his conciliatory rhetoric.
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