El Salvador Cuts 15,000 Public Sector Jobs as IMF Financing Talks Advance
President Nayib Bukele's government is eliminating 15,000 public sector positions as part of austerity measures aimed at securing a $1.4 billion financing agreement with the International Monetary Fund. The administration says the cuts are needed to address public debt equal to about 90% of GDP, but labor unions have criticized the layoffs as inflation and household food costs continue to rise.