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.
Galatasaray suffered a 1-0 defeat at home to Belgian side Union Saint-Gilloise in the fifth round of the UEFA Champions League....
Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while ...
U.S. President Donald Trump has announced that he will send special envoy Steve Witkoff to Russia to meet President Vladimir Putin, aiming to resolve ...
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash....
British Prime Minister Keir Starmer said on Tuesday that Ukraine needs “more support now” and confirmed that the UK will send additional air defen...
Galatasaray suffered a 1-0 defeat at home to Belgian side Union Saint-Gilloise in the fifth round of the UEFA Champions League.
Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while reaffirming its claim over Arunachal Pradesh, which China refers to as Zangnan.
U.S. President Donald Trump has announced that he will send special envoy Steve Witkoff to Russia to meet President Vladimir Putin, aiming to resolve remaining differences in a peace framework for Ukraine.
Napoli secured a 2-0 victory over Qarabağ in their UEFA Champions League group stage clash at the Stadio Diego Armando Maradona in Italy.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
South Korean President Lee Jae Myung met with Chinese Premier Li Qiang and Japan's Prime Minister Sanae Takaichi during last weekend's G20 summit in South Africa, Lee's office said on Monday.
Galatasaray suffered a 1-0 defeat at home to Belgian side Union Saint-Gilloise in the fifth round of the UEFA Champions League.
Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while reaffirming its claim over Arunachal Pradesh, which China refers to as Zangnan.
U.S. President Donald Trump has announced that he will send special envoy Steve Witkoff to Russia to meet President Vladimir Putin, aiming to resolve remaining differences in a peace framework for Ukraine.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
British Prime Minister Keir Starmer said on Tuesday that Ukraine needs “more support now” and confirmed that the UK will send additional air defence missiles in the coming weeks.
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