👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

El Salvador's Bukele looks set to cruise to controversial presidential reelection -poll

Published 17/01/2024, 05:52 am
© Reuters. FILE PHOTO: El Salvador's President Nayib Bukele speaks during the inauguration of the Vijosa pharmaceutical plant in Santa Tecla, El Salvador November 20, 2023. REUTERS/Jose Cabezas/File Photo
BTC/USD
-

By Nelson Renteria

SAN SALVADOR (Reuters) - El Salvador's Nayib Bukele holds a large lead ahead of his bid next month to win reelection as president, a poll showed on Tuesday, as one Latin America's most popular leaders rides a wave of support for his hardline security policies.

The poll gives Bukele a 71% lead over his nearest rivals from El Salvador's once-dominant political parties, who both poll below 3% in the survey by Francisco Gavidia University.

The 42-year-old Bitcoin enthusiast and former mayor of the capital stepped down temporarily as president last November to seek a second five-year term.

He was legally allowed to mount a reelection campaign only after Supreme Court judges declared that Bukele's human right to run outweighed the constitution's ban on serving consecutive terms as president.

Lawmakers from Bukele's New Ideas Party, which dominates the current Congress, appointed the judges who ruled that he could run.

About a fifth of those surveyed told the pollster they would either abstain in the Feb. 4 vote, or leave their ballot blank.

According to the poll, the party's already strong grip on the legislature could grow stronger, projected to win 57 out of 60 seats under the current make-up of the chamber.

Dating back to March 2022, Bukele invoked emergency powers as part of an unprecedented anti-gang push that has seen police arrest more than 75,000 suspected gang members. The powers suspend rights to due process, including mounting a legal defense, which critics argue amount to a creeping authoritarianism in the Central American nation of almost 7 million.

The dragnet has led to a sharp reduction in the murder rate, which for years was one of the world's highest, as well as Bukele's sky-high approval rating.

© Reuters. FILE PHOTO: El Salvador's President Nayib Bukele speaks during the inauguration of the Vijosa pharmaceutical plant in Santa Tecla, El Salvador November 20, 2023. REUTERS/Jose Cabezas/File Photo

Bukele's government has been accused of brokering a pact with the country's two top criminal gangs, Mara Salvatrucha and Barrio 18, in order to reduce the homicide rate and boost his party's prospects. He has repeatedly denied the accusations.

The poll interviewed about 1,900 Salvadorans from Jan. 3-8 and featured a nearly 3% margin of error.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.