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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Russian air attacks have killed at least 12 people and injured several others in Kyiv and the surrounding region early on Tuesday, marking the sixt...
Israel and Greece have signed a €3 billion defence agreement that will see Israel build a new multi-layered air-defence system for Greece. It ...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Leaders of the Shanghai Cooperation Organisation (SCO) are gathering in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Russia views NATO’s growing military activity in the Arctic as a direct threat to its national security, Foreign Minister Sergei Lavrov said.
Uzbekistan's President Shavkat Mirziyoyev has held a series of bilateral meetings on the sidelines of the Cooperation Organisation summit in Bishkek, with China, Russia, Pakistan, the United States and the United Nations among the key partners on Uzbekistan’s agenda.
The death toll from last week's catastrophic floods in Nepal and Tibet surpassed 1000 on Tuesday, with about 4,000 people, including 590 foreign nationals from 39 countries, still missing, as fresh rainfall pushed up river levels and forced rescuers to move to higher ground.
Russian air attacks have killed at least 12 people and injured several others in Kyiv and the surrounding region early on Tuesday, marking the sixth consecutive day of strikes on the Ukrainian capital.
Chinese President Xi Jinping is due to begin an official visit to Egypt on Tuesday (1 September), his first trip to the country in a decade, as Beijing and Cairo look to deepen political, economic and development cooperation.
Russian air attacks on Kyiv and the surrounding region have killed 12 people and injured several others, Ukrainian officials said, marking the sixth consecutive day of strikes. The attacks come as Moscow intensifies its use of drones and ballistic missiles against Ukraine.
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