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El Salvador $152 million bond issue to tackle gangs

Monday, May 30, 2016

El Salvador’s Congress approved a bond issuance of $152 million to finance a series of measures aimed at tackling endemic gang violence in the poor Central American country.

The bond issue, which was unanimously approved by all political parties, will be used to build three temporary detention centres, purchase arms and vehicles, and boost the military and police. It will also be used to pay military pensions and for feeding prisoners.

Source: Reuters