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.
The fallout from U.S. President Donald Trump's comment saying he had productive talks with Iran continues. Tehran denies they have happened.&nb...
Australia and the European Union signed a trade deal on Tuesday that was eight years in the maki...
Italian voters emphatically rejected a flagship judicial reform championed by Prime Minister Giorgia Meloni...
Investigators probing the deadly collision of an Air Canada Express j...
A Colombian military plane carrying 128 passengers crashed during a takeoff on Monday (23 March) from Puerto ...
The fallout from U.S. President Donald Trump's comment saying he had productive talks with Iran continues. Tehran denies they have happened. Oil prices carry on rising with countries reacting. Follow the updates throughout the day.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
Investigators probing the deadly collision of an Air Canada Express jet with a fire truck at New York's LaGuardia airport said on Monday they wanted to interview an air traffic controller who was juggling another emergency in the run-up to the crash.
Flag carrier Vietnam Airlines plans to cancel 23 flights per week across several domestic routes from April because of looming jet fuel shortages, Vietnam's aviation authority said.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Iran has launched long-range and intermediate-range ballistic missiles towards the joint U.S.-UK military base on Diego Garcia in the Indian Ocean, in what Israeli officials said was a major escalation in the war.
Georgia bid farewell to Catholicos-Patriarch Ilia II on Sunday (22 March). He was considered one of the most influential spiritual leaders in the country’s modern history.
A British nuclear-powered submarine armed with Tomahawk cruise missiles has reportedly taken up position in the Arabian Sea, the Daily Mail reported on Saturday (21 March). The deployment gives the UK the ability to carry out long-range strikes if tensions in the Gulf escalate.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
Italian voters emphatically rejected a flagship judicial reform championed by Prime Minister Giorgia Meloni, dealing a blow to her right-wing coalition ahead of next year's general elections. Meloni posted on social media "clearly, we regret this missed opportunity to modernise Italy".
Investigators probing the deadly collision of an Air Canada Express jet with a fire truck at New York's LaGuardia airport said on Monday they wanted to interview an air traffic controller who was juggling another emergency in the run-up to the crash.
A Colombian military plane carrying 128 passengers crashed during a takeoff on Monday (23 March) from Puerto Leguizamo, on the border with Peru, killing 66 people, as rescuers shuttled dozens of survivors to nearby hospitals and searched for four who were still missing, according to a top official.
As Denmark gears up for a general election on 24 March, opinion polls show a narrow lead for Prime Minister Mette Frederiksen, whose numbers have been boosted by her firm stance against U.S. President Donald Trump’s push to annex Greenland to the U.S.
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