El Salvador's President seems to have gotten caught up in cryptocurrency’s potential for high returns—except that he made a gamble not with his own money, but with El Salvador’s.
Insight: A Persistent Crisis in Central America
Violence and corruption in Central America is causing a wave of outward migration. The Trump administration's restrictive measures and pressure on regional governments did nothing to address the root causes of the problem, which the Biden administration has now pledged to tackle. Meanwhile, efforts at reform across the region face opposition from entrenched interests that benefit from the status quo.