El Salvador talks with IMF officially begin

Photo by Giorgio Trovato 

The Government of El Salvador has announced that it has officially begun talks to secure US$1.4bn in finance from the International Monetary Fund (IMF). The negotiations are reportedly being led by IMF Senior Economist Alina Carare, and are being held virtually. In addition to talks with the Government, the private sector as well representatives from civil society and international organisations will be consulted. The Nayib Bukele Government, after an overwhelming victory in the February 2021 legislative and municipal elections, announced the following month that it was urgently seeking an IMF loan facility amid mounting pressure on public finances due to the Coronavirus pandemic. 

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