El Salvador: Bukele for President Again?

El Salvador: Bukele for President Again?



Nayib Bukele, the President of El Salvador, has officially submitted his candidacy for re-election in the forthcoming presidential election slated for February 2024.



Bukele, a staunch supporter of Bitcoin, garnered substantial backing from the populace on October 26, following his formal endorsement by his political party, New Ideas, to vie for a second term.



Addressing a massive crowd of Salvadorans, Bukele expressed his desire for an additional five years in office, stating, “Five more [years], five more and not a single step backward. We require another five years to continue our progress in bettering our nation.”



Bukele first ascended to the presidency in 2019, leading the New Ideas party to break a thirty-year stranglehold on power held by the Nationalist Republican Alliance and the Farabundo Martí National Liberation Fron


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