IMF Approves El Salvador’s Second and Third Reviews as Economy Outperforms Expectations
9 Articles
9 Articles
Washington, Oct 1 (EFE).- The International Monetary Fund (IMF) approved on Thursday the second and third revision of the economic program of El Salvador, which allows to release some 138 million dollars and raises to approximately 690 million the resources disbursed so far under the agreement of 1.4 billion dollars. The agency has emphasized, in a statement, that the Salvadoran economy has exceeded its forecasts and calculates a growth of the g…
President Nayib Bukele shared information on the decision of the Executive Board of the International Monetary Fund (IMF) to complete the second and third revision of the Fund's Expanded Service Agreement (SAF) for El Salvador. With the approval of these revisions, the country will have an immediate disbursement of 101.96 million Special Drawing Rights (SDRs) [...]
“El Salvador’s economy continues to show strong performance, thanks to improved security and investor confidence, reflecting efforts to reduce macroeconomic imbalances,” said the IMF SAN SALVADOR.- The Executive Board of the International Monetary Fund (IMF) concluded favourably the second and third revision of the agreement... The IMF entry authorizes disbursement of $138 million for El Salvador and highlights improvements in the economy for th…
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