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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Israeli Prime Minister Benjamin Netanyahu said Israel aims to eventually end its reliance on U.S. financial mil...
Thaksin Shinawatra, Thailand’s billionaire former prime minister, has been released on parole from prison...
U.S. President Donald Trump called Iran’s response to Washington’s latest peace proposal “totally unacceptable” amid talks over ending the war and securing shipping through the Strait of Hormuz. A cargo vessel near Qatar was hit by a projectile as Kuwait reported hostile drones in its airspace.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
Israeli Prime Minister Benjamin Netanyahu said Israel aims to eventually end its reliance on U.S. financial military support within the next decade. The decision signals a long-term shift in the country’s defence policy as it seeks to deepen ties with Gulf states.
Thaksin Shinawatra, Thailand’s billionaire former prime minister, has been released on parole from prison on Monday (11 May). Shinawatra served part of an eight-month sentence that capped years of legal battles, political turmoil and controversy surrounding his return from exile.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
China’s leading chipmakers are funnelling unprecedented sums into research and development as Beijing accelerates efforts to reduce reliance on foreign technology amid intensifying U.S. export restrictions.
U.S. President Donald Trump called Iran’s response to Washington’s latest peace proposal “totally unacceptable” amid talks over ending the war and securing shipping through the Strait of Hormuz. A cargo vessel near Qatar was hit by a projectile as Kuwait reported hostile drones in its airspace.
SOCAR has completed the acquisition of a 99.82% stake in Italiana Petroli (IP) from API Holding after receiving all required regulatory approvals.
A Kyrgyz–Japanese archaeological expedition has uncovered the remains of a Buddhist temple complex at the medieval settlement of Ak-Beshim, also known as Suyab, in Kyrgyzstan’s Chui Region.
Israeli Prime Minister Benjamin Netanyahu said Israel aims to eventually end its reliance on U.S. financial military support within the next decade. The decision signals a long-term shift in the country’s defence policy as it seeks to deepen ties with Gulf states.
Thaksin Shinawatra, Thailand’s billionaire former prime minister, has been released on parole from prison on Monday (11 May). Shinawatra served part of an eight-month sentence that capped years of legal battles, political turmoil and controversy surrounding his return from exile.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
China’s leading chipmakers are funnelling unprecedented sums into research and development as Beijing accelerates efforts to reduce reliance on foreign technology amid intensifying U.S. export restrictions.
Centre-right leader Péter Magyar was sworn in as Hungary’s prime minister on Saturday, propelled into office on promises of change after years of economic stagnation and strained ties with key allies under his predecessor Viktor Orbán.
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