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President of El Salvador, Nayib Bukele, launched a second repurchase of the national debt this Tuesday.
A first operation was carried out in September, of which "46 million dollars were left pending repurchase." According to the Government, 275 million dollars were saved for the public coffers on that occasion.
Bukele's administration is trying to avoid defaulting on El Salvador's 800 million dollar debt. According to the President, for the repurchase, he has 360 million dollars from the Special Drawing Rights (SDR) granted by the International Monetary Fund (IMF) to its member countries to act during the COVID-19 pandemic.
In addition, there are pending disbursements from the Inter-American Development Bank (IDB) and the Central American Bank for Economic Integration (CABEI), as well as a loan from the Development Bank of Latin America (CAF).