IMF reaches agreement under first review of $1.4 billion El Salvador program
The disbursement is subject to approval by the IMF executive board.
In February, the IMF approved the $1.4 billion extended fund facility arrangement for El Salvador.
"Most program targets set for the first review were comfortably met, and implementation of the structural benchmarks is progressing well," the IMF said in a statement.
In March, the country separately secured a $500 million loan from the Inter-American Development Bank to shore up its budget.
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Breakingviews - Sanctions relief is ineffectual carrot for Putin
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