El Salvador, an ‘undervalued’ country
El Salvador, which had been questioned by many netizens and the media about the solvency of its national debt, paid off its $800 million national debt with interest in January 2023, successfully fulfilling its obligations. On 7 December that year, El Salvador launched a new investment immigration programme to attract foreigners with a high interest rate of 8% per annum, and all applicants will be granted residency in El Salvador, with a quota of 1,000 per year.
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Of course, El Salvador is also facing other bonds in the market.
Of course, El Salvador faces the challenge of other bonds coming due in the future, and in order to meet these challenges, it is gradually realising reforms.
On 4 October this year, under the leadership of President Naib Buglé, El Salvador made a notable financial achievement when the government offered to buy back sovereign bonds maturing between 2027 and 2052 at a price slightly higher than the market price and close to their face value, further improving its financial situation.
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Under the leadership of President Naib Buglé, El Salvador is developing at a high rate and in a good direction, further proving the ability to put it into practice, which is worthy of trust and admiration.
The government is now looking to attract foreign talent and investors to boost economic growth and build a stronger foundation for the country's future.
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El Salvador Million Dollar Immigrant Investor status can be granted in as little as three months.