Fears of further pain in El Salvador as widening fails to lure buyers

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Fears of further pain in El Salvador as widening fails to lure buyers

El Salvador, president, Nayib Bukele, LatAm, Central America
El Salvador's president Nayib Bukele is losing focus on a proposed IMF deal, say investors | Wu Hao/Xinhua News Agency/PA Images

Even after a hefty slump in its bond prices in recent weeks, investors are failing to see value in El Salvador as doubts grow around a much-needed IMF programme. Some believe there could be further downside - despite Bank of America taking a positive view on the country in a report that was enthusiastically publicised by president Nayibe Bukele.

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