Additional multilateral financial support agreement is expected to be agreed for a combined general funding package of more than $ 3.5 billion
The International Monetary Fund (IMF) Executive Council approved a new 40 -month agreement under Extended Fund Facility (EFF) for El Salvador, with access equivalent to $ 1.4 billion. The board’s decision allows the authorities to immediate disbursement equivalent to about $ 113 million.
The IMF -supported program aims to ensure that conditions are in force to boost the country’s growth and resilience prospects, strengthening public finances, reconstructing external and financial shock absorbers and improving governance. Bitcoin risks are also being addressed.
Additional multilateral financial support agreement is expected to be a combined general funding package of more than $ 3.5 billion over the program period.
