El Salvador’s legislative assembly has unanimously approved the emission of US$152m of bonds to finance the government’s extraordinary security measures against the
mara street gangs. The funds were approved after weeks of wrangling between the ruling left-wing Frente Farabundo Martí para la Liberación Nacional (FMLN) and the main right-wing opposition Alianza Republicana Nacionalista (Arena). Arena eventually agreed to approve the bond issuance but only on condition that mechanisms are put in place to make the use of the funds more transparent.
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