Making the crypto asset legal tender was a worthy experiment, but financial innovation requires more state capacity and better regulations.
El Salvador
For the new administration, the region is key to address issues such as migration and drug flows, said AS/COA's vice president.
In a region plagued by crime, some politicians are eager to replicate El Salvador's gang crackdown. Can the model spread?
Lawmaker Claudia Ortiz is leading the political dissent. Her recent campaign—and the ruling party’s attempts to defeat it—show what’s ahead for a backsliding democracy.
The next administration should work more closely with its neighbors to address migration.
Nayib Bukele has "cleverly played on the problems that this country had in the past," says AS/COA's vice president of policy to CNN's Fareed Zakaria.
Bukele needs an IMF assistance program to regain access to international markets. Bitcoin and the erosion of the rule of law are stumbling blocks.