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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Prospects for new peace talks between Iran and the U.S. are “dim,” with both sides operating on false assumptions, a political analyst told AnewZ.
A Canadian woman has been shot dead and 13 others injured in a shooting at the Teotihuacan pyramids on Monday, one of Mexico’s most visited tourist attractions.
Japan on Tuesday unveiled its biggest overhaul of defence export rules in decades, scrapping restrictions on overseas arms sales and opening the way for exports of warships, missiles and other weapons.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of April, covering the latest developments you need to know
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
Secretly filmed footage from two UK laboratories has reignited debate over animal testing in drug development, after a former worker alleged that monkeys, dogs and other animals endured prolonged distress during safety trials for new medicines.
Blue Origin, the U.S. space company of billionaire Amazon founder Jeff Bezos, successfully reused and recovered a booster for its New Glenn rocket launched from Florida on Sunday (19 April), in the latest chapter of its intensifying rivalry with Elon Musk’s SpaceX.
A powerful 7.5 magnitude earthquake has struck off Japan’s north-eastern coast, triggering urgent tsunami warnings with waves of up to 3 metres expected, prompting residents to seek immediate safety.
A Canadian woman has been shot dead and 13 others injured in a shooting at the Teotihuacan pyramids on Monday, one of Mexico’s most visited tourist attractions.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of April, covering the latest developments you need to know
Japan on Tuesday unveiled its biggest overhaul of defence export rules in decades, scrapping restrictions on overseas arms sales and opening the way for exports of warships, missiles and other weapons.
Hungarian election winner Péter Magyar on Monday nominated András Kármán as finance minister, Anita Orbán as foreign minister and István Kapitány as economy and energy minister in his incoming government, as previously indicated.
Residents displaced by Hong Kong’s deadliest fire in decades have begun returning to their damaged homes, hoping to recover belongings that survived the blaze.
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