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Showing posts with label El Salvador. Show all posts
Showing posts with label El Salvador. Show all posts

Saturday, August 2, 2025

Latin America Rising > Bukele could be President for Life in El Salvador; Guatemala updates money laundering laws; Ecuador's bill to regulate NGOs introduced

 

El Salvador abolishes presidential term limits,

extends term length

   
MP Claudia Ortiz, the lone elected representative of the Let's Go party in the 60-seat Salvadoran legislative assembly holds a placard Thursday protesting changes to the constitution that will allow the president to run an unlimited number of times. The sign reads "Only the People Can Save the People." Photo by Rodrigo Sura/EPA
MP Claudia Ortiz, the lone elected representative of the Let's Go party in the 60-seat Salvadoran legislative assembly holds a placard Thursday protesting changes to the constitution that will allow the president to run an unlimited number of times. The sign reads "Only the People Can Save the People." Photo by Rodrigo Sura/EPA

Aug. 1 (UPI) -- El Salvadoran lawmakers voted to abolish presidential term limits as part of constitutional reforms that could allow the country's populist president, Nayib Bukele, to remain in power indefinitely.

Under the reformed electoral system, the previous five-year term is increased to six years and a restriction limiting presidents to a single term is removed, allowing El Salvador's executive to run for office an unlimited number of times.

Members of Bukele's New Ideas Party in the Legislative Assembly voted through the reform on Thursday, 18 months after Bukele won a second term in a landslide victory, despite a constitutional prohibition on consecutive terms. The Supreme Court, packed with pro-Bukele justices, waived the ban on grounds that it infringed Bukele's human rights.

Opposition politicians and human rights organizations condemned the move, saying it removed one of the last remaining checks on power and brought the country a step closer to becoming a one-party state.

"Today, democracy has died in El Salvador," said opposition Republican National Alliance MP Marcela Villatoro.

Human Rights Watch said it was a power grab by Bukele aimed at ushering in a dictatorship.

"He's very clearly following the path of leaders who use their popularity to concentrate power to undermine the rule of law and eventually to establish a dictatorship," said HRW Americas deputy director Juan Pappier.

Cristosal, El Salvador's leading human rights organization, which fled the country for Guatemala two weeks ago citing threats and intimidation against its staff, criticized the lack of process and the way the change was rushed through.

"The day before vacation, without debate, without informing the public, in a single legislative vote, they changed the political system to allow the president to perpetuate himself in power indefinitely and we continue to follow the well-travelled path of autocrats," said Cristosal executive Noah Bullock.

Bukele's popularity mainly stems from a crime crackdown, targeting gangs in particular, that has seen El Salvador transformed from one of the most violent nations in the world to one of the safest in the region.

However, he is a divisive figure among Salvadorans.

His policies, including the use of emergency powers to detain as many as 75,000 people without due process, have drawn fire from human rights groups such as Amnesty International, which has said El Salvador was engaged in a "gradual replacement of gang violence with state violence."

The United States got pulled into questions around El Salvador after Maryland resident Kilmar Abrego Garcia, an undocumented Salvadoran migrant, was detained in one of Bukele's notorious 'mega prisons' after being wrongly deported to El Salvador in violation of a 2019 court order that said he could not be deported there.

He was among a group of 261 inmates imprisoned in one of the huge penal facilities after being deported by the Trump administration, who it said were either members of the Venezuelan Tren de Aragua gang or the Salvadoran-dominated MS-13.

Abrego Garcia, who was accused of being a member of the MS-13, was returned to the United States in June at the request of the Justice Department to face federal migrant smuggling charges in Tennessee.



Guatemala pushes money laundering bill to avoid international sanctions

By Macarena Hermosilla
   
Guatemalan President Bernardo Arevalo, who formally submitted the money-laundering bill to Congress on Tuesday, speaks a day earlier at a press conference in Guatemala City. Photo by Alex Cruz/EPA
Guatemalan President Bernardo Arevalo, who formally submitted the money-laundering bill to Congress on Tuesday, speaks a day earlier at a press conference in Guatemala City. Photo by Alex Cruz/EPA

July 31 (UPI) -- The Guatemalan government has introduced key legislation to modernize its money laundering laws and prevent the country from being added to the international financial system's "gray list" -- a designation that could raise borrowing costs and limit access to credit.

President Bernardo Arévalo formally submitted the bill to Congress on Tuesday, calling it a strategic tool to strike at the "heart" of organized crime and drug trafficking.  

During the launch of a program aimed at integrating Guatemalan companies into Walmart's supply chain in Central America, U.S. Ambassador Tobin Bradley stated that "the new anti-money laundering law is a platform for transparency and for attracting more investment to Guatemala."

The proposal updates laws from 2001 and 2005 that officials say are outdated and inadequate for confronting modern money laundering and illicit financing schemes.

It expands the range of entities required to implement controls, report suspicious transactions and appoint compliance officers. The bill also includes reforms to the Penal Code, Commercial Code, Law Against Organized Crime and private security regulations.

If the reform is not approved and implemented this year, Guatemala risks being placed on the "gray list" of the Financial Action Task Force, an intergovernmental organization created in 1989 by the G7.

The list includes jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing systems. Countries on the list are under increased monitoring and must address shortcomings within set timeframes.

"Being added to this list would significantly restrict international transactions, raise the cost of external financing and, in turn, limit access to credit. It could also lead to local banks losing the ability to work with international banks, making it harder to carry out essential operations for the people of Guatemala -- such as remittances, international payments or letters of credit for exporters," Arévalo said.

The initiative's legislative prospects depend on the political support the government can secure among various blocs in Congress, where it holds a minority.

The executive branch said it has begun informal talks with congressional blocs and plans to make formal presentations to committees and party groups once Congress returns from recess.

Guatemala has faced warnings from Financial Action Task Force Latin America since 2022 for failing to pass key reforms. The Inter-American Development Bank, the International Monetary Fund and the World Bank have warned the country that without new legislation, a poor assessment will be inevitable at the next task force plenary meeting, which is likely in October.

The Arévalo administration views the reform as one of its most significant efforts to modernize the country's institutional framework.



Ecuador joins regional push to control

NGO funding

By Macarena Hermosilla
   
Ecuadorian President Daniel Noboa's proposal would create a mandatory registry for nonprofit entities, require regular financial reporting and allow the government to suspend or revoke operating permits if NGOs engage in “activities incompatible with the national interest.” Photo by MARXCINE/Pixabay
Ecuadorian President Daniel Noboa's proposal would create a mandatory registry for nonprofit entities, require regular financial reporting and allow the government to suspend or revoke operating permits if NGOs engage in “activities incompatible with the national interest.” Photo by MARXCINE/Pixabay

Aug. 1 (UPI) -- Ecuadorian President Daniel Noboa has introduced a bill in the National Assembly to regulate the funding and activities of non-governmental organizations, particularly those that receive money from abroad.

The proposal would create a mandatory registry for nonprofit entities, require regular financial reporting and allow the government to suspend or revoke operating permits if NGOs engage in "activities incompatible with the national interest."

If approved, Ecuador would join a regional push that has taken shape over the past year in countries such as Peru, El Salvador and Paraguay.

According to the Ecuadorian government, the bill aims to bring greater transparency to the operations of NGOs, many of which it says operate without clearly disclosing their funding sources, international ties or true objectives.

"I'm not attacking NGOs. Some of them do honorable work and help people in Ecuador. Those organizations won't have problems because they'll be able to explain where their money comes from," Noboa said.

Although the bill does not yet specify penalties, it would require organizations to disclose their donors, provide documentation for expenses and avoid political activities not explicitly authorized in their charters.

Civil society groups in Ecuador have voiced concern, warning the measure could open the door to arbitrary restrictions and potential censorship.

In March, Peru's Congress passed a law expanding the powers of the Peruvian Agency for International Cooperation to audit foreign-funded projects. The law allows fines of up to $500,000 and authorizes the suspension of organizations that use those funds to bring legal action against the state -- a common practice in human rights and Indigenous advocacy.

Despite opposition from more than 70 domestic NGOs and international groups, including the Inter-American Commission on Human Rights and Human Rights Watch, President Dina Boluarte's government defended the law as a way to "organize" international cooperation.

In El Salvador, the ruling-party-controlled legislature approved the Foreign Agents Law in May. The law imposes a 30% tax on foreign donations, requires registration in a special government registry and gives the executive branch authority to sanction or shut down organizations it accuses of meddling in domestic affairs.

Human rights groups have condemned the Salvadoran law, saying it restricts the work of humanitarian organizations and independent media.

In Paraguay, a regulation enacted in November 2024 requires all nonprofit organizations to register with the Ministry of Economy and Finance, file biannual reports on income and expenses and disclose any ties to international agencies.

The measure prohibits unregistered NGOs from signing agreements with the state and includes penalties ranging from suspension of activities to the permanent revocation of legal status.

Paraguayan and regional organizations have warned that the law criminalizes international cooperation and could seriously undermine human rights advocacy.

Critics say these measures echo laws previously adopted in Venezuela and Nicaragua, where "foreign agent" and "sovereignty defense" legislation has been used to shut down organizations that report human rights violations or criticize the government, under the pretext of foreign interference.

Governments backing these laws argue they aim to strengthen transparency, prevent illicit financing and block foreign influence.

But organizations including Amnesty International, the U.N. High Commissioner for Human Rights and the IACHR warn the measures are part of a broader pattern of shrinking democratic space in the region, where state control is prioritized over civic participation.

Wednesday, July 30, 2025

Latin America Rising > The World's fastest aging population is in Latin America; Central America offers great lifestyles for US retirees

 

Latin America has the fastest aging population in world

By Macarena Hermosilla
   
Though Uruguay leads the trend, population aging is accelerating across Latin America. File Photo by Raúl Martínez/EPA
Though Uruguay leads the trend, population aging is accelerating across Latin America. File Photo by Raúl Martínez/EPA

July 29 (UPI) -- Uruguay is experiencing one of the most significant demographic transformations in Latin America, driven by a declining birthrate and an aging population.

According to projections from the National Institute of Statistics, the country's total fertility rate dropped to 1.27 children per woman in 2023 and is expected to fall to 1.20 by the end of this year -- well below the replacement-level threshold of 2.1.

The population, which peaked at 3.51 million people in 2020, is projected to decline steadily, falling to some 3 million by 2070. By then, more than 32% of residents will be over 65, while only 11.5% will be under 15.

Though Uruguay leads the trend, population aging is accelerating across Latin America.

While the region is not the oldest in absolute terms -- Europe and East Asia have higher shares of older adults -- it is aging faster than anywhere else in the world.

According to the United Nations Population Division, Latin America will make the demographic shift from a young to an aging society in less than 40 years -- a transition that took Europe more than a century.

In countries such as Chile, Brazil and Argentina, more than 15% of the population is now over the age of 65, and the median age exceeds 32, reflecting a rapid demographic shift.

This shift coincides with a long-term drop in fertility, now averaging 1.8 children per woman. The decline is linked to a range of factors: improved access to education, increased female labor force participation, urbanization and evolving family values.

One particularly significant factor has been the decline in teenage pregnancies, which for years accounted for a substantial share of total births in several countries. In Latin America, fertility among women ages 15 to 19 remained high even as it declined in other age groups -- but over the past decade, it has dropped sharply.

Helena Cruz Castanheira, a demographer at the Latin American and Caribbean Demographic Center of the United Nations Economic Commission for Latin America and the Caribbean, said the decline happened faster than expected.

"We expected the fertility rate to stabilize around the replacement level -- 2.1 children per woman -- by 2020, but overall fertility continued to fall below that threshold, and one reason was the significant drop in births among teenagers," she said.

Uruguay again offers a clear example: between 2016 and 2018, access to free subdermal contraceptive implants accounted for one-third of the decline in teen fertility.

This trend is playing out in other countries, as well. In Colombia, for example, 2024 saw the lowest number of births ever recorded -- 445,011 -- of which only 3,159 were to teenage mothers.

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Although the average age of first sexual activity has remained stable -- or even declined -- in some countries, what has changed is increased access to and use of contraceptives, partly due to public policies focused on sexual and reproductive health.

Still, Latin America and the Caribbean continue to have the second-highest rate of teenage fertility in the world, with 52 births per 1,000 women ages 15 to 19 in 2022, compared with the global average of 39.

Each year, more than 1.6 million girls and teens in Latin America become mothers -- many of them victims of sexual abuse and living in poverty and vulnerable conditions. This reality limits their access to education and employment and reinforces intergenerational inequality.

Cruz emphasized that the goal of demographic policy should be to ensure women can have the number of children they want, when they choose to.

"Unplanned teenage pregnancies are associated with more difficult life paths for young mothers. That's why countries must continue investing in sexual health, family planning and education," she said.

According to a report from Austral University in Argentina, only Ecuador, Paraguay, Mexico and Peru currently show a more favorable outlook, with a larger share of youth under 15 -- suggesting greater long-term productive potential.

By contrast, the population age 65 and older has grown steadily across the region, reaching or surpassing 15% in several countries. This trend is reflected in indicators such as median age, which now exceeds 30 in most nations. Uruguay, Chile, Brazil and Argentina report the highest figures.

As the population ages, there are fewer working-age people for each retiree.

Uruguay offers a clear warning: aging is happening faster than expected. Without adjustments to social, health, pension and elder care policies, the economic and social consequences could be severe.


Isn't it ironic that Latin Americans are coming to the USA to make more money, and retiring Americans are moving to Latin America because their money is worth more there?


Index: 3 Latin American nations offer nicer lifestyles for U.S. retirees

By Mar Puig
   
A man rests on Jaco beach, in San Jose, Costa Rica, in July 2024. The country attracts retirees with its biodiversity, peaceful environment and high-quality medical care. File Photo by Jeffrey Arguedas/EPA
A man rests on Jaco beach, in San Jose, Costa Rica, in July 2024. The country attracts retirees with its biodiversity, peaceful environment and high-quality medical care. File Photo by Jeffrey Arguedas/EPA

July 29 (UPI) -- Panama, Mexico and Costa Rica have emerged as leading destinations for U.S. retirees this year, offering a more affordable, safer and more comfortable lifestyle overseas, according to the 2025 Global Retirement Index prepared by International Living magazine.

The rising global population over age 65 -- projected to reach 16% by 2050, according to Statista -- is driving a wave of retiree migration focused on mild climates, access to quality healthcare and an active lifestyle with lower financial strain.

Data from the Social Security Administration show that more than 730,000 U.S. retirees receive their benefits while living abroad, with Latin America accounting for a growing share.

Panama tops the global retirement rankings for its accessible pensioner visa, political stability and retiree perks, including 25% discounts on electricity and restaurant bills, and up to 50% off cultural activities.

The cost of living there for a couple starts at about $2,400 per month. The country also offers 18-month temporary residency through a remote work visa.

Mexico ranks fourth, driven by its low cost of living, cultural diversity and affordable healthcare. According to the report, a retiree can live comfortably on about $1,500 a month. In tourist areas such as the Riviera Maya, monthly rent averages around $500.

Puerto Vallarta, San Miguel de Allende and Chapala remain among the most popular destinations for U.S. retirees.

Costa Rica, ranked third in the index, attracts retirees with its biodiversity, peaceful environment and high-quality medical care. Residency is available with a minimum monthly income of $1,000, and housing can be found starting at $550 a month.

The Central Valley is especially popular for its mild climate and proximity to top-tier healthcare services.

Rosmery Hernández, a professor at the National University of Costa Rica, said the country "has spent decades building a quality-of-life environment based on public policy, education and civic participation, which today makes it attractive to retirees from the United States and Europe."

She also noted that Costa Rica offers a strong healthcare system, easy access to international flights and infrastructure that makes travel within the country easy.

However, Hernández warned that the growth of the international retiree market has accelerated gentrification in areas like Guanacaste, raising the cost of services and land for local residents.

"The challenge is finding a balance that allows local communities to coexist with new international residents, creating mutual benefits without triggering displacement," she said.

While European countries like Portugal, Spain and France also rank among the top international retirement destinations, Latin America offers advantages such as geographic proximity to the United States, more flexible immigration policies and a cultural environment that feels more familiar to many Americans, according to the retirement index.

All three Latin American countries have strengthened their immigration frameworks and services to attract this demographic, as more U.S. citizens view retiring abroad as both a financially viable and socially enriching option.



Thursday, June 26, 2025

Politics - Latin America Rising > El Salvador, Narco State no longer; Brazil - Nearly 400,000 millionaires

 

El Salvador's miracle recovery from being a Narco State has Bukele extremely popular. So far, El Salvador is the only state I am aware of that has recovered from being a Narco State. 

Strong support for third term for Bukele, despite constitutional ban

By Macarena Hermosilla
Salvadoran President Nayib Bukele enters his third term with broad support according to a new poll. File Photo by Ken Cedeno/UPI
Salvadoran President Nayib Bukele enters his third term with broad support according to a new poll. File Photo by Ken Cedeno/UPI | License Photo

June 23 (UPI) -- Salvadoran President Nayib Bukele begins his seventh year in office with strong public backing, including majority support for a third consecutive term, despite a constitutional ban on re-election, according to a new poll by the University Institute of Public Opinion at José Simeón Cañas Central American University.

The study found that seven in 10 Salvadorans support Bukele seeking a third consecutive term, even though the Constitution prohibits it. Overall, 70.6% said they "agree" or "strongly agree" with a new re-election bid, while 25.4% were opposed.

Paradoxically, 95% of respondents said it is important to respect the country's Constitution.

The apparent contradiction underscores how many Salvadorans prioritize stability and security under President Nayib Bukele's leadership over institutional concerns.

The poll found that 54.3% of respondents described him as "a president who imposes order with a firm hand," a phrase often tied to his hardline governing style.

Respondents gave Bukele an average rating of 8.15 out of 10, slightly below his score from the previous year. His administration overall received a 7.85, down from 8.28 in 2024.

Public security remains the cornerstone of Bukele's support. About 75.2% of those surveyed said improved safety is the country's greatest current achievement, while 66.6% cited his security policy as the administration's main accomplishment.

Since 2022, the government has enforced a state of emergency aimed at dismantling street gangs -- a measure authorities say has sharply reduced homicides and extortion. The policy remains widely supported, with 66.8% of respondents backing its continuation.

Bukele has built his image on that success. "I'd rather be called a dictator than see Salvadorans killed in the streets," he said in a recent speech, defending his controversial security measures against international criticism.

Despite those gains, the economy remains the administration's most pressing challenge. About 39.2% of Salvadorans identified it as the country's top problem, followed by 15.3% who cited unemployment. Another 10.1% pointed to the high cost of living, and 5% mentioned poverty -- with nearly 70% overall naming economic hardship as the nation's most urgent concern.

Despite large government investments in infrastructure and flagship projects, rising prices for basic goods and limited economic opportunities continue to concern the public. A lack of access to adequate housing also stands out among social issues, with 87 out of every 100 people saying it is difficult or very difficult to buy or rent a home in El Salvador.

These concerns reflect rising inflation in recent years and persistently low wages for many workers. While the desire to emigrate has declined, it remains present among roughly 14% of Salvadorans -- often tied to the search for better living conditions.

Bukele's government has faced criticism over human rights and democratic standards, both domestically and internationally.

In just over two years, more than 78,000 people have been arrested in anti-gang operations, pushing the prison population to record levels. Authorities say about 2.5% of all Salvadoran adults are now incarcerated.

While the government says most of those arrested are gang members or collaborators, Human Rights Watch and Amnesty International have documented thousands of cases of arbitrary detention, as well as reports of torture, abuse in prisons, forced disappearances and deaths of inmates in state custody during this period.

Some Salvadorans have also raised concerns over the government's harsh tactics. The UCA poll found that 58% of respondents said they are afraid to express political views critical of the government, fearing reprisals. Forty-eight out of 100 believe someone who criticizes the president could be detained or imprisoned -- a reflection of growing tension around civil liberties.

Independent media outlets have reported surveillance through government spyware, while domestic NGOs face stigmatization and some opposition figures have gone into exile, citing fears of prosecution. The government has rejected those allegations.

Even so, independent polling firms CID Gallup and TResearch show Bukele's approval remains high, with ratings between 80% and 90% throughout 2024 and 2025 -- unusually strong support for a leader at this stage of a presidency.




In Brazil, millionaires almost outnumber child prostitutes

Number of Brazilian millionaires rises to nearly 400,000

By Osvaldo Silva
Brazil boasts more than 400,000 millionaires, more than any other nation in Latin America, according to the UBS Global Wealth Report. File Photo by Christine Chew/UPI
Brazil boasts more than 400,000 millionaires, more than any other nation in Latin America, according to the UBS Global Wealth Report. File Photo by Christine Chew/UPI | License Photo

June 24 (UPI) -- Brazil leads Latin America in the number of millionaires, with nearly 400,000 residents holding a net worth of $1 million or more, according to the UBS Global Wealth Report 2025. The country ranks first in the region and 19th globally.

The UBS report estimates that 380,585 Brazilians had a net worth of at least $1 million in 2024, a figure projected to rise to nearly 470,000 by 2028. Along with Mexico and Chile, Brazil is helping drive wealth growth across Latin America, reflecting the region's economic resilience and a more sophisticated investment market.

Amazing, Argentina's miracle financial recovery doesn't deserve a mention. Neither does the fact that Brazil has been involved in BRICS from the beginning. This report was written from 'woke' perspective.

The report also introduces the concept of "everyday millionaires," or EMILLIs -- individuals with assets between $1 million and $5 million. This group has quadrupled in size globally since 2000 and now controls a significant share of global wealth. In Brazil, they represent a growing segment of the country's wealth base.

Above the EMILLIs are "ultra-high-net-worth individuals"with more than $30 million in assets, and at the top, Brazil's wealthiest families. These groups hold a substantial share of the country's total wealth and are the primary beneficiaries of exclusive investment opportunities, both domestically and internationally.

Several factors are fueling Brazil's surge in millionaire households. The country has maintained a degree of macroeconomic stability in recent years, boosting investor confidence and creating favorable conditions for capital accumulation.

With a large population and robust domestic consumption, Brazil offers a dynamic market for businesses. That environment has opened doors for entrepreneurs and investors to generate wealth across multiple sectors.

Agribusiness, technology, renewable energy and finance have all seen strong growth, benefiting a growing number of investors.

Brazil's financial market has also expanded, offering a broader range of investment products. This has allowed wealthy families to diversify their portfolios and improve returns.

Foreign direct investment across key sectors has further contributed to Brazil's economic momentum and wealth creation.

Looking ahead, the UBS Global Wealth Report 2025 forecasts a massive global transfer of wealth over the next two decades, with more than $83 trillion expected to pass from one generation to the next. Of that, nearly $9 trillion is projected to change hands in Brazil-more than any country except the United States and China.

This generational shift presents both opportunity and risk. It could inject capital into the economy and help finance new ventures, but it also poses challenges in wealth management and succession.

A 2025 report by Forbes Brasil identifies the country's leading family fortunes. At the top are the Moreira Salles brothers, with an estimated $26 billion, followed by the Marinho family (Grupo Globo) and the Setubal family (Itaúsa).

According to the Institute for Mobility and Social Development, nearly half of Brazil's 95 wealthiest families in 2022 were not on the list a decade earlier. Among the newcomers are the Batista family (JBS), Krigsner family (Grupo Boticário), and Billi family (Eurofarma), highlighting upward mobility in emerging industries.

In 2024, Eduardo Saverin, co-founder of Facebook, became the wealthiest Brazilian in history, with an estimated fortune of $38 billion. He ranked 44th globally, surpassing longtime billionaires Jorge Paulo Lemann and the Safra family.

Brazil deserves a lot of credit for their financial growth, and I applaud them. There is one big fly in the ointment though. There are probably as many children on the streets of Brazil selling their little bodies to feed themselves and their siblings, as there are millionaires.

Brazil has got to find a way to help the much larger, poorer end of the population, not just the wealthy.How about if the millionaires each adopted a destitute family or two where the children are prostituting themselves? How about they get the kids off the streets and into schools?

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