The International Monetary Fund announced Tuesday it has reached a staff-level agreement to disburse around $120 million to El Salvador, following the first review of a $1.4 billion, 40-month extended fund facility program.
The release of the funds still requires approval from the IMF executive board.
The agreement follows a strong performance under the program, with most targets comfortably met and good progress on structural reforms, according to the IMF.
The broader $1.4 billion arrangement was approved in February, aimed at supporting economic stability and reforms. Separately, El Salvador also secured a $500 million loan from the Inter-American Development Bank in March to reinforce its national budget.
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The Netherlands has become the first NATO member to commit funds under a new military financing plan for Ukraine, pledging €500 million (around $578 million) to support Kyiv’s defence needs.
A wildfire in California has burned more than 26,000 hectares across Santa Barbara and San Luis Obispo counties, with only 3% containment as of Monday, according to state fire officials.
The U.S. Justice Department has opened a grand jury investigation into claims that former officials fabricated links between President Donald Trump and Russia.
Brazil’s Supreme Court has ordered former President Jair Bolsonaro to be placed under house arrest over allegations he attempted to overturn the 2022 election results.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Türkiye is conducting its fifth national scientific expedition to the Arctic, leading 19 research projects focused on climate, marine ecosystems, and atmospheric data around the Svalbard Archipelago.
A zoo in Denmark has drawn public attention after announcing that it accepts donations of small domestic animals — including rabbits, guinea pigs, and chickens — to feed its carnivores, such as the Eurasian lynx.
Rescue teams in northern Pakistan have ended a two-week search for 11 people who disappeared in last month’s flash floods, declaring them presumed dead, local authorities said Monday.
The Netherlands has become the first NATO member to commit funds under a new military financing plan for Ukraine, pledging €500 million (around $578 million) to support Kyiv’s defence needs.
A wildfire in California has burned more than 26,000 hectares across Santa Barbara and San Luis Obispo counties, with only 3% containment as of Monday, according to state fire officials.
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