Via The Diplomat, a look at China’s presence in Central America: Although Costa Rica has recognized Beijing as its diplomatic partner since 2007, the regional avalanche in favor of China truly began with Panama in 2017, followed by El Salvador in 2018, Nicaragua in 2021, and Honduras in 2023. The rapprochements between Central American nations […]
Read more »Via The Diplomat, a look at how – in the past six years – China’s presence in the region has exploded, with worrying consequences for Central America’s governance norms: Credit: Depositphotos On August 21, Parlacen, the parliament of the six-nation Central American Integration System, voted to revoke Taiwan’s permanent observer status and admit China as an […]
Read more »Via Bitcoin Magazine, a report on a new link between El Salvador and Texas, borne out of Bitcoin: After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas. According to a tweet from El Salvador’s Ambassador to the United States, Milena Mayorga, a meeting took place between her, other representatives […]
Read more »Via Rest of World, a look at the rise and fall of a local delivery app in El Salvador: From the moment it launched in 2017, Hugo, a last-mile delivery service that offered users everything from food and cash delivery to concert ticket collections, went toe-to-toe against Uber Eats and other global delivery giants. For […]
Read more »Via The Guardian, a report on how El Salvador’s bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot that China is opportunistically capitalizing on: As crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained […]
Read more »Via MIT Technology Review, an interesting story on crypto millionaires who are pouring money into Central America to build their own cities: Every day, a repurposed garbage truck ferries visitors up El Salvador’s Conchagua Volcano to an ecotourism retreat. The vehicle thunders along a cratered road, tossing passengers from side to side. At the summit, […]
Read more »