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.
U.S. President Donald Trump has criticised Ukrainian President Volodymyr Zelenskyy for continuing to target Russia's energy infrastructure, whi...
French President Emmanuel Macron addressed the nation on Sunday, condemning the violence, looting and vandalism that erupted during cost-of-living ...
An oil tanker caught fire after striking a naval mine in the southern part of the Strait of Hormuz, Iran’...
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Maritime Trade Operations (UKMTO) on Saturday.
What started out as planned protests against the cost of living, declining public services and education funding in France, quickly devolved into violent riots across the country on Saturday.
The day after waiving sanctions and tariffs related to Russian exports, U.S. President Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.
A Saudi AH-6i helicopter crashed in the Najran region of Saudi Arabia due to a technical malfunction, killing its two crew members, the Saudi-led coalition's spokesman Brigadier General Turki al-Maliki said in a statement on Sunday.
The AnewZ documentary “Counterpoint: Two Centuries of German-Azerbaijani Shared History” investigates the story of German settlers who arrived on Azerbaijani lands around two centuries ago and established communities that left a lasting mark on the country’s cultural heritage.
U.S. President Donald Trump has criticised Ukrainian President Volodymyr Zelenskyy for continuing to target Russia's energy infrastructure, while Russian strikes on Kyiv overnight killed at least one person and damaged a metro station.
French President Emmanuel Macron addressed the nation on Sunday, condemning the violence, looting and vandalism that erupted during cost-of-living protests on Saturday. He ordered a review of police preparedness and called for urgent talks to address the growing social unrest.
U.S. President Donald Trump has endorsed Israeli Prime Minister Benjamin Netanyahu ahead of the country’s parliamentary election on 27 October, praising him as a strong leader and a partner in the war with Iran.
U.S. Secretary of State Marco Rubio arrived in Samarkand, Uzbekistan, on Sunday for talks with Central Asian officials, as the Trump administration seeks to strengthen ties with a resource-rich region bordering China, Russia and Iran.
Poland plans to give railway guards powers to neutralise drones threatening rail infrastructure, including in some cases with firearms, under draft legislation published by the government on Friday.
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