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 European Union’s next wave of eastward enlargement, particularly involving candidate countries in Central and Eastern Europe, could prove decisi...
Venezuela has closed its embassy in Oslo, Norway’s foreign ministry confirmed on Monday, days after opposition leader Maria Corina Machado won the 2...
NATO is reinforcing its eastern flank as Italy deploys Eurofighter Typhoons to Estonia, Finland opens a new Northern Land Forces Command, and European...
Russian jets and drones are testing NATO’s defenses, pushing Europe to rethink how it secures its airspace. Italy has deployed Eurofighter Typhoon j...
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S....
Venezuela has closed its embassy in Oslo, Norway’s foreign ministry confirmed on Monday, days after opposition leader Maria Corina Machado won the 2025 Nobel Peace Prize.
Russian jets and drones are testing NATO’s defenses, pushing Europe to rethink how it secures its airspace. Italy has deployed Eurofighter Typhoon jets to Estonia’s Amari Air Base, replacing F-35s under NATO’s Baltic Air Policing mission.
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S. President Donald Trump.
Tehran has declined Egypt’s official invitation to participate in the Sharm El-Sheikh Summit on Gaza ceasefire between Hamas and Israel. Iran’s Foreign Minister Abbas Araghchi said he cannot sit at the same table with the statemen who attacked his country.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
The European Union’s next wave of eastward enlargement, particularly involving candidate countries in Central and Eastern Europe, could prove decisive for Europe’s energy security and competitiveness.
Venezuela has closed its embassy in Oslo, Norway’s foreign ministry confirmed on Monday, days after opposition leader Maria Corina Machado won the 2025 Nobel Peace Prize.
NATO is reinforcing its eastern flank as Italy deploys Eurofighter Typhoons to Estonia, Finland opens a new Northern Land Forces Command, and European allies push for a continent-wide “Drone Wall” following Russian drone incursions that exposed gaps in the alliance’s air defences.
Russian jets and drones are testing NATO’s defenses, pushing Europe to rethink how it secures its airspace. Italy has deployed Eurofighter Typhoon jets to Estonia’s Amari Air Base, replacing F-35s under NATO’s Baltic Air Policing mission.
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S. President Donald Trump.
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