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.
A Russian overnight attack on energy infrastructure in Ukraine's eastern Dnipropetrovsk region left more than 600,000 people without electricit...
Azerbaijan is marking the sixth anniversary of Victory Day on Sunday, 8 November, with President Ilham Aliyev visiting the Victory Monument in Khan...
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles f...
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Two people, including a child, were killed and 16 others injured when an intercity bus crashed in eastern France on Friday morning, authorities confirmed.
Russian forces launched a ballistic missile attack on Kyiv early on Saturday, 7 November, injuring two people and damaging residential buildings, just three days before U.S.-led peace talks with Ukraine and Russia in Abu Dhabi.
India's delivery of guided Pinaka rockets to Armenia is drawing renewed attention as analysts assess the military and strategic significance of one of New Delhi's most prominent defence export deals.
New Zealand’s ruling centre-right National Party has taken a narrow lead over the opposition Labour Party in Saturday’s general election, with the country’s current three-party coalition projected to retain power.
A Russian overnight attack on energy infrastructure in Ukraine's eastern Dnipropetrovsk region left more than 600,000 people without electricity on Sunday, 8 November, Ukrainian energy company DTEK said.
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Prosecutors in Paraguay have charged former President Santiago Peña and ex-central bank chief Carlos Carvallo Spalding over the collapse of Ueno Bank, and have asked a court to hold both men in pretrial detention.
Paraguay’s Vice President Pedro Alliana has assumed the presidency after the Senate impeached and ousted Santiago Peña amid a banking crisis that sparked widespread political backlash.
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