El Salvador Congress approves $152 million bond issue to tackle gangs


  • World
  • Friday, 27 May 2016

El Salvador's President Salvador Sanchez Ceren addresses attendees during a plenary meeting of the United Nations Sustainable Development Summit at the United Nations Headquarters in Manhattan, New York September 25, 2015. REUTERS/Andrew Kelly

SAN SALVADOR (Reuters) - El Salvador's Congress on Thursday approved a bond issuance of $152 million (103 million pounds) to finance a series of measures aimed at tackling endemic gang violence in the poor Central American country.

The bond issue, which was unanimously approved by all political parties, will be used to build three temporary detention centres, purchase arms and vehicles, and boost the military and police. It will also be used to pay military pensions and for feeding prisoners.

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