“The Salvadoran pension institute has declared as reserved the decision criteria that are being taken internally, so the opaque management of pensions is not an invention of Barclays” 2024-03-20 12:12:14

This Wednesday in the Encuentro interview with Julio Villagrán, the economist José Luis Magaña highlighted a report carried out by the financial group Barclays, whose headquarters are in London, the report evaluates the bond issues that the government of El Salvador has made and that therefore This has been attacked and it has been pointed out that said report is to attack the government.

“I find it a little worrying that you are saying that the purpose of this report is to attack the government and that it is financed and directed by George Soros and his entire group… The report made by Barclays says, recommendations on debt movements for investors and identify that the government Salvadoran is carrying out opaque management of the pension fund and there is little transparency”

On another topic, he recalled that for a year now the Financial Superintendency has not provided information on the pension system, which suggests that there is little transparency, in addition to the fact that since the December 2022 reform the government has used different mechanisms to finance its debt. through the pension fund.

“The Salvadoran pension institute has declared as reserved the decision criteria that are being taken internally, so the opaque management of pensions is not an invention of Barclays”

In the case of Bitcoin, Magaña highlighted that if the bitcoins have really been purchased, the amount would be around $130 million, but there is no accurate information, we do not know whose name they are in or where that money is going, that is why there is Contradictory versions President Nayib Bukele said that those bitcoins had never been sold but the former Minister of Finance, Alejandro Zelaya said that they had been sold.

In addition, Magaña mentioned that in these 5 years it is the Central American Bank that has lent the most to the current government.

“In these 5 years, the Central American Bank has been one of the multilateral organizations, the one that has mainly lent to this government, it has given a little more than 2,000 million dollars to this government”