Latest news with #economicprogram
Reuters
27-05-2025
- Business
- Reuters
IMF reaches agreement under first review of $1.4 billion El Salvador program
May 27 (Reuters) - The International Monetary Fund said on Tuesday it had reached an agreement with El Salvador to disburse about $120 million, following the first review of a $1.4 billion 40-month 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.
Washington Post
22-05-2025
- Business
- Washington Post
Trump's tax bill plan adds to federal debt, prompting investor backlash
Investor unease over President Donald Trump's economic program drove the government's borrowing costs to their highest level in nearly two decades, following House approval of tax legislation that is expected to add trillions of dollars to the ballooning U.S. national debt. The yield or interest rate on the 30-year Treasury bond briefly topped 5.1 percent Thursday morning, reflecting investors' demands for greater compensation in return for lending money to the U.S. government.
