LatinNews Regional Monitor: Caribbean & Central America - 05 May 2017

EL SALVADOR | Dire straits. Trade unions marked International Labour Day on 1 May by staging marches in San Salvador against budgetary cuts affecting the education and health sectors, and urged a reform of the pension system. Three days earlier the government had cleared US$55m of missed payments to local pension providers (AFP). This after the legislative assembly slashed more than US$56m from the 2017 budget to meet the pension obligations. The government had hoped to persuade deputies to approve a US$70m bond emission to cover the pension payments rather than be compelled to make budget cuts, but to no avail.

End of preview - This article contains approximately 447 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial