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.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn int...
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying...
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon...
Countries are still working on a UN Security Council mandate for an international stabilisation force in Gaza, and will decide on any troop deployment...
Bella Culley, a pregnant British teenager jailed in Georgia for smuggling marijuana and hashish from Thailand, was freed on Monday (November 3) under ...
A British man accused of carrying out a mass stabbing on board a train on Saturday was charged on Monday with 11 counts of attempted murder, including over a separate incident earlier the same day at a train station in east London.
A powerful earthquake measuring 6.3 struck near the northern Afghan city of Mazar-e Sharif early on Monday, leaving at least 20 people dead, hundreds injured, and causing significant damage to the city’s famed Blue Mosque, authorities said, warning that the death toll was expected to rise.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
Ukraine’s top military commander has confirmed that troops are facing “difficult conditions” defending the strategic eastern town of Pokrovsk against a multi-thousand Russian force.
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
A man and a woman were killed and several others injured in a shooting on the Greek island of Crete on Saturday, in what police officials described as a family vendetta, reviving memories of the island’s long and complex history of inter-family violence.
Two men accused of stealing €88 million worth of jewels from Paris’ Louvre Museum have been charged and remanded in custody, as investigators continue to search for the missing treasures.
Egypt has inaugurated the Grand Egyptian Museum near the Great Pyramid of Giza, unveiling the world’s largest archaeological museum and a modern cultural landmark celebrating over 7,000 years of history.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
Countries are still working on a UN Security Council mandate for an international stabilisation force in Gaza, and will decide on any troop deployments once a framework is complete, Turkish Foreign Minister Hakan Fidan said on Monday.
Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin reaffirmed the strength of bilateral relations during the 30th regular meeting between Chinese and Russian heads of government, held on Monday in Hangzhou, eastern China’s Zhejiang Province.
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