ONE MAN'S COUP ATTEMPT IS ANOTHER'S YOUTHFUL INDISCRETION
Bloomberg Businessweek|March 23, 2020
Nayib Bukele’s reforms have impressed the U.S. and international investors. Opponents say El Salvador’s president is a dictator in the making
Ethan Bronner and Michael McDonald
ONE MAN'S COUP ATTEMPT IS ANOTHER'S YOUTHFUL INDISCRETION

In early February, soldiers and police in riot gear barged into the legislature in San Salvador. Lawmakers sat in shock, and the new president, who brought the troops in, warned them, “I think it’s clear who has control of the situation.” Even veteran observers of Central America were confused. What was happening?

Until then, El Salvador’s President Nayib Bukele had been hailed by the Trump administration and U.S. investors as one of the most promising young leaders in the developing world. He is 38 and, until now anyway, seemed savvy, gutsy, and impatient for reform. Bukele said Salvadorans were fleeing to the U.S. because previous governments had failed them. Don’t send more aid, he implored America. Invest in our country so we can create jobs and bring our people home.

Bukele seemed to know just what to do to make American officials sit up. He named a youthful cabinet, half of them women. He got China to promise to build sewers and roads to the country’s undeveloped black-sand Pacific coast for a tourist destination he’s already designated Surf City. Before his debut speech at the United Nations in September, delivered tieless, he posted a selfie to Twitter from the podium. And he was getting quick results. Homicides, a toxic challenge in the gang-infested country, were down 60% from when he took office in June; emigration had dropped by half. The U.S. State Department reduced its risk assessment, putting El Salvador on a par with Mexico.

This story is from the March 23, 2020 edition of Bloomberg Businessweek.

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This story is from the March 23, 2020 edition of Bloomberg Businessweek.

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