El Salvador to Buy Back More Debt as Bukele Banks on Trump Lift.

El Salvador is making its third offer to buy back dollar bonds this year, with a combined principal amount outstanding of over $2.5 billion. President Nayib Bukele is leveraging Bitcoin's rally and the US election results to boost the country's economy. The debt buyback is contingent on new financing, as El Salvador's debt has seen a 4.7% return since Donald Trump's re-election, with hopes of securing a loan from the International Monetary Fund. The IMF has expressed concerns about El Salvador's use of Bitcoin as legal tender, but the country's recent debt buybacks have been used to fund conservation efforts and manage its financial obligations. [Extracted from the article]