Import costs have surged in the country, sending inflation soaring to around 15% — that means shrinking international dollar reserves and a growing parallel black market for U.S. dollars.
El Savador’s President Nayib Bukele took on gang violence by introducing a state of emergency in 2022. The country is now safer, but its economy is struggling to grow.
Chile has approved a law saying that businesses need to cut their employees’ hours from 45 hours to 40 hours a week to help give everyone a better work-life balance.
