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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Leaders including Ukraine's Volodymyr Zelenskyy arrived at The Hague on Tuesday to launch an International Claims Commission to compensate Kyiv for hu...
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these...
Azerbaijan has long understood the importance of fostering strong relations with its Central Asian neighbours as the country is strategically located ...
The UK government has advised its citizens against travelling to Afghanistan, citing tensions between Pakistan and the Taliban led government.
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these relationships cannot be overstated.
President Donald Trump has filed a defamation lawsuit against the BBC over edited footage of a speech that made it appear he encouraged supporters to storm the U.S. Capitol 6 January 2021, marking an international extension of his ongoing battle against media coverage he deems inaccurate or biased.
Azerbaijan has long understood the importance of fostering strong relations with its Central Asian neighbours as the country is strategically located at the crossroads of Eastern Europe and Central Asia.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
At least 37 people have died and dozens of others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
Ukrainian President Volodymyr Zelenskyy says proposals being negotiated with U.S. officials for a peace deal to end his country’s nearly four-year war with Russia could be finalised within days, after which American envoys will present them to the Kremlin.
The UK government has advised its citizens against travelling to Afghanistan, citing tensions between Pakistan and the Taliban led government.
Leaders including Ukraine's Volodymyr Zelenskyy arrived at The Hague on Tuesday to launch an International Claims Commission to compensate Kyiv for hundreds of billions of dollars in damage from Russian attacks and alleged war crimes.
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these relationships cannot be overstated.
European Commission President Ursula von der Leyen highlighted key developments in the ongoing peace efforts to end the war in Ukraine, stressing the importance of a robust peacekeeping force and the alignment between Ukraine, Europe, and the United States.
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