Posted by: mulrickillion | October 6, 2011

Press Release: IMF Completes Third Review of El Salvador’s Stand-By Arrangement

Press Release No. 11/352
September 30, 2011

The Executive Board of the International Monetary Fund (IMF) today completed the third review of the program with El Salvador supported by the three-year Stand-By Arrangement (SBA) approved in March 2010 (see Press Release No. 10/95). Upon completion of the review, a total equivalent to SDR 385.43 million (about US$602 million) has become available to El Salvador, but the authorities intend to continue treating the arrangement as precautionary and not draw the resources. . . .

Press Release: IMF Completes Third Review of El Salvador’s Stand-By Arrangement

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